Tag Archives: OIL

A Kenyan man accused of selling potato chips fried with transformer oil was sentenced to two years in prison or pay a fine of Ksh.200,000 (around $1,500). According to Citizen Digital, authorities found 11 liters of transformer oil in Elijah Mwangi Muthoga’s possession when he was arrested in December 2021. …

Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent. A fresh explosion was said to have rocked a major export pipeline in the Niger Delta, with about 12 deaths reported on Thursday at Rumuekpe community in the Emuoha Local Government …

At least 12 people have been confirmed dead following an oil pipeline explosion from an illegal oil bunkering site in Rivers State, South-south Nigeria. The incident occurred in the early hours of Friday in the Rumuekpe community, in the Emohua Local Government Area of the state. The police spokesperson in …

The Institute for Energy Security (IES) has raised doubts over the claimant to the 600,000 barrels of Oil that arrived in Ghana on Friday from Russia. A release by the IES indicated that the consignment aboard the vessel MT Theseus is being stashed in Ghana as the pool of buyers …

A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses. The development suggests that traders could be scouring the market for new buyers of Russian barrels after the European Union stopped almost …

The fruit of the African oil palm is used to make palm oil. It has been an important type of oil for thousands of years, but in the last few decades, it has become one of the oils that is made in the most large quantities on a global scale. This is …

Tema Oil Refinery (TOR) has not been operational since June 2018 due to lack of crude oil which serves as a raw material for the refinery. Aside from the inadequate crude oil in the country’s only oil refinery, TOR is faced with other challenges like broken equipment, piled debt, among …

The Member of Parliament for Ningo Prampram, Sam Nartey George, has described the God-for-Oil policy the government is implementing as a scam. According to him, the aim of the policy is to reduce the prices of oil products but the prices of these items are set to increase again this …

The Bank of Ghana (BoG) has assured Ghanaians that it has sufficient gold reserves to continue the gold-for-oil policy. In its turn before the Public Accounts Committee, the central bank stated that it was well-positioned to meet the transactional demand of 160,000 ounces of gold per month. The bank was represented before …

The National Petroleum Authority (NPA) has revoked the licenses of 30 Oil Marketing Companies (OMCs) for non-compliance with the rules and regulations of the Authority on the acquisition and maintenance of the licenses. The affected companies are Abagurugu Oil Company Limited; Apex Petroleum Ghana Limited; Avos Oil Company Limited; Best …