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Ministry Of Energy, Republic Of Ghana And National Petroleum Authority To Share LPG Road Map At Argus West Africa LPG 2018

His Excellency Dr. Mohammed Amin Adam, Deputy Minister (Petroleum), Ghana, and Alhassan Tampuli, Chief Executive Officer, National Petroleum Authority (NPA) will participate in on stage interviews at the Argus West Africa LPG conference and exhibition on 9 – 10 May in Accra, Ghana. The event is official endorsed by the Ministry of Energy with the…

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Gov’t Signs Agreement With ExxonMobil

Boakye Agyarko Government is anticipating increased activities in Ghana’s oil exploration activities with the coming on board of ExxonMobil. The Minister of Energy, tells Citi Business News the move will also increase government’s revenue from the sector to propel economic growth and transformation. ExxonMobil’s investment in the oil sector becomes the first major one in…

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Press Statement By The Association Of Oil Marketing Companies (AOMCS) On The Atomic Junction Gas Explosion

Good morning ladies and gentlemen of the Press. On behalf of the Board Chairman of AOMCs, CEOs of OMCs/LPGMs present, we welcome you all to this short but important briefing. As we are all aware, the 7th October 2017 Atomic Junction Gas Explosion will go down in the history books as one nightmarish incident that…

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Response Of Association Of Oil Marketing Companies (AOMCS) On Premix Diversion

We have observed with utmost concern a news item on the various media channels to the effect that OMCs have been diverting premix fuel meant for fisher folks at their respective landing beaches. The over generalization and absolute inclusion of all OMCs especially those doing genuine business in this canker, warrant the following reaction; 1. The…

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Association Of Oil Marketing Companies PETFUN Games 2017

The Association of Oil Marketing Companies (AOMCS) has wrapped up the 2017 Petroleum Fun Games with outstanding performance from Kabore Oil Limited sweeping five trophies and one first runner up trophy as well. Kabore took away the Football, Lime and Spoon, Ludo, Draught trophies as well as the first runner up trophy for the Playing…

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Petrosol Wins 3 Awards, Including Fastest Growing OMC In 2016

Petrosol, a solely Ghanaian-owned Oil Marketing Company(OMC) operating more than 70 fuel stations has been adjudged the fastest growing OMC in the country by the Chamber of Petroleum Consumers (COPEC). The OMC’s Marketing Manager, Akwesi Zigah was awarded the Best Marketing Personnel while Florence Nyarko also won Overall Best Pump Attendant for Petrosol. Receiving the…

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Tighten Noose Around Petroleum Black Market Dealers – OMCS

Accra, April 26, GNA – Scores of Oil Marketing Companies (OMCs) on Wednesday called on the National Security to tighten the noose around Petroleum Black Market dealers whose infiltration into the sector posed a great risk to the national economy. Mr Henry Akwaboah, Managing Director of Engen Ghana Limited told the Ghana News Agency in…

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Illegal Fuel Importers Cost Gh¢850m Loss Annually – NPA

The National Petroleum Authority (NPA) has disclosed that Ghana loses about 850 million cedis annually in taxes, due to the increased activities of fuel smugglers into and out of the country. The illegal act is said to involve operators who ply their business at the ports by fuelling tanks with fuel products brought into the…

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Black Market Dealers Infiltrate Into Ghana’s Petroleum Sector – AOMC’s

The Association of Oil Marketing Companies (AOMCs) has lauded government’s effort to instilling discipline in downstream oil marketing sector and to ward-off infiltrators whose nefarious activities cause the nation to lose millions of cedis in tax revenue. The government lost revenue in excess of $500 million in 2016 through the illegal activities of Petroleum Black…

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Energy Minister Inaugurates New TOR Board

The Minister of Energy, Boakye Agyarko, has sworn into office, the board members of Tema Oil Refinery (TOR). The ceremony took place on Monday, 13th March 2017 at the Ministry’s conference room in Accra. After administering the Oath of Office and Oath of Secrecy to the members, the Energy Minister congratulated and expressed gratitude to…

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Oil And Gas Insurance – Local Insurers Up To The Task

Contrary to the perception that local companies did not have the capacity to insure any of the three Floating Production, Storage and Offloading (FPSOs) used in oil production, the Ghana Oil and Gas Insurance Pool (GOGIP) says it is up to the task. The Pool, comprising of indigenous general insurers, explains that it currently provides…

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Association of Oil Marketing Companies commends GOIL

Mr Kwaku Agyeman-Duah, the Industry Coordinator of the Association of Oil Marketing Companies (AOMC), at the weekend lauded GOIL Company Limited for its local content initiatives and involvement in both the downstream and upstream business. Mr Agyeman-Duah noted the contribution of GOIL to national development, saying “GOIL’s excellent services in the provision of quality products…

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AOMCs Responds to Calls for Slash of Fuel Prices

The Association of Oil Marketing Companies (AOMCs) has responded to some publications citing comments and calls by some people and civil society organizations for OMCs to slash current pump prices. In a statement issued to the Ghana News Agency and signed by Mr Kwaku Agyeman Duah, Chief Executive Officer of Association of Oil Marketing Companies…

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20% Reduction in Fuel Prices will Alleviate Public Transport Social Distancing Losses – Alex Mould

The Former Chief Executive of the National Petroleum Authority (NPA), Alex Mould, is predicting a 20% reduction on prices of petroleum products beginning April 1, 2020. According to him, “per the daily price indicators used for the Petroleum Price Build-Up (PBU) and published by the NPA, we have seen world crude oil prices dropped from…

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AOMC Donate PPE To 37 Military Hospital, Give GHS100,000 To National COVID-19 Trust Fund

The Association of Oil Marketing Companies in the Republic of Ghana has presented Personal Protective Equipment (PPE) to the 37 Military Hospital to enable doctors and nurses attend to coronavirus patients. The PPE, valued at GHS111, 650 include protective goggle, surgical mask, theatre boots, pulse oximeter, suction pump, nasal oxygen cannula, disposable gown and head…

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