The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr Mustapha Abdul- Hamid, has called on stakeholders in the petroleum downstream sector to embrace the Cylinder Recirculation Model (CRM) of LPG distribution to ensure that the policy meets its intended target. Speaking at the 2024 Ghana International Petroleum [...]
The National Petroleum Authority (NPA) has agreed with Senegal and Gambia to facilitate the importation of petroleum products from Ghana to these countries. This adds to the list of existing partners, including Mali, Niger, Burkina Faso, Côte d’Ivoire, and Togo. In 2023, Ghana re-exported and transited 385,154,100 litres of petroleum [...]
Dr Mahamudu Bawumia, the Vice President, has urged players in the petroleum industry to take advantage of opportunities presented by the African Continental Free Trade Area (AfCFTA) to strengthen the sector and promote sustainable development. He said the AfCFTA offered great opportunities for the petroleum to downstream industry, indicating that [...]
Dr Mustapha Abdul Hamid, Chief Executive Officer (CEO), National Petroleum Authority (NPA), says the Authority retrieved 889,650 litres of petroleum products from diversion and smuggling gangs in 2023. That, he said, nearly occurred due to violations of the regulatory framework by several Petroleum Service Providers (PSPs), who diverted loaded products [...]
The domestic downstream petroleum industry amassed a monetary value exceeding GHȼ71billion in 2023, contributing approximately 8.4 percent to the country’s Gross Domestic roduct (GDP) according to Dr. Mustapha Abdul-Hamid, Chief Executive Officer-National Petroleum Authority (NPA). With over 3,000 service providers, the sector predominantly features high local participation and annually [...]
The petroleum sector in Africa is experiencing significant growth, driven by various factors such as demographic shifts, infrastructural development, regulatory reforms, and technological advancements. This growth is particularly evident in the context of rapid population growth, urbanization, and economic expansion across the continent, which are driving up the demand for [...]
As the countdown begins for the highly anticipated Ghana International PetroleumConference (GHIPCON) 2024, stakeholders and industry leaders are gearing up for an event set to redefine the trajectory of Africa’s petroleum downstream sector. Organized by the National Petroleum Authority (NPA), this year’s event which is on the theme, “The PetroleumDownstream: Building [...]