Tag Archives: OIL

Dangote Industries Limited, a multinational manufacturing group owned by Africa’s richest man Aliko Dangote, has announced that the Dangote Oil Refinery, a $19-billion integrated petrochemical refinery complex, is 97-percent complete. In a recent update on the ongoing construction work at the multibillion-dollar petrochemical complex in Lagos’s Lekki Free Zone, the …

The Public Interest and Accountability Committee (PIAC) is demanding answers on why US$100.7million was not paid into the Petroleum Holding Funds as required by law. The amount relates to 944,164bbls of crude liftings made by JOHL, a subsidiary of Ghana National Petroleum Corporation (GNPC) that holds 7 percent interest in …

According to Medicalnewstoday, olive oil and extra virgin olive oil are both made from olives, but the method of extracting the oil is different. As a result, they have different colors, tastes, and health properties. The health properties of extra virgin olive oil and olive oil are different. Photo credit: Medicalnewstoday …

Having white teeth is everybody’s fantasy since it adds to our excellence. Teeth become more obscure or yellow with the developing age.People utilize different brightening items to get white teeth however these brightening items contain different synthetic compounds which concern many individuals. To keep away from these synthetics, many individuals …

The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr Patrick Kwaku Ofori as its new Chief Executive Officer. His tenure begins on August 1, 2022. He will be filling the vacancy created by the departure of the Chamber’s founding CEO, Senyo Hosi, who is stepping down …

Nigeria may not be able to meet its OPEC quota in September due to rising crude oil theft which has seen Africa’s largest economy lose 20% of its daily crude production to oil thieves and pipeline vandals. This was disclosed by Wale Tinubu, the Group Chief Executive Officer, Oando Plc, at …

The Apremdo community in Effia Kwesimintsim Municipality in Western Region, has discovered an unknown substance beneath the soil, and suspected of being crude oil. Although the discovery of the substance has caused anxiety in the community, the traditional ruler in the area, Nana Egya Kwamena Xl, has taken up the …

Shell Plc said it has suspended its plans to sell its onshore oil assets in Nigeria, responding to a Supreme Court suit over oil leak appeal filed by a community in Bayelsa State. The oil major had announced its plans of divestment in May 2021. It was subsequently sued by …

As Ghanaians look for some reprieve in the petroleum sector amid soaring prices, a Deputy Minister for Energy, Andrew Egyapa Mercer, has said the Tema Oil Refinery (TOR) could be back online by the end of 2022. In April, he said, the management of TOR sought approval from the Ministry …

Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily. This is woefully less than the 96,000 barrels of crude oil the country consumes daily and does not have any significant influence on the continuous increase in prices of …