U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but ​leaves the fate of Tehran's nuclear program to further negotiations. While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has …
Vivo Energy Ghana has intensified calls for stronger safety preparedness across the downstream petroleum sector, warning that operational excellence means little without the ability to respond effectively when emergencies occur. The exclusive distributor and marketer of Shell-branded fuels and lubricants delivered the message at its 2026 Safety Day celebration held at Airport Shell in Accra …
Sentuo Oil Refinery is set to receive approximately one million barrels of crude oil from Jubilee Field for processing. This is expected to strengthen local refining capacity, enhance fuel security, and potentially ease petroleum product prices for consumers. The development was disclosed by Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, who …
Tema Oil Refinery (TOR) has received approximately one million barrels of Bonga Crude Oil as part of efforts to revive its refining operations and strengthen Ghana’s energy security. The crude oil cargo arrived aboard the MT Cap Felix on May 27, 2026. TOR said the shipment was purchased from Shell and supplied through its tolling …
Government has extended its fuel price intervention, announcing a revised subsidy of GH¢1.07 per litre on diesel effective May 16, 2026. The decision followed a Cabinet meeting chaired by President John Dramani Mahama to review global oil market developments and their impact on local fuel prices. The previous one-month relief package, introduced on April 16, …
The pilot phase of Ghana’s 24-Hour Economy Programme in the petroleum downstream sector has officially been launched, marking a major step towards restructuring productivity, improving service delivery, and expanding economic activity within the industry. The initiative forms part of President John Dramani Mahama’s broader vision to drive transformative economic growth across key sectors of the …
A joint team from the Lands Commission and the Petroleum Hub Development Corporation (PHDC) has commenced land acquisition activities within the tick forest area of Jomoro in the Western Region as part of preparations for the Petroleum Hub Project. The exercise forms part of the government’s initial efforts to move the project from the planning …
Malawi's fuel crisis amid uncertainty in the oil market shows no signs of abating. Even as the government reassures citizens that the country is not running out of fuel, most filling stations are dry, and the few with fuel are experiencing long queues. In the capital Lilongwe, businessperson Anthony Jamali told DW: "At times, we have to trek …
Ghanaian oil executive and Springfield Group CEO, Kevin Okyere, has denied allegations of bribery in connection with the ongoing UK trial of former Nigerian Petroleum Minister, Diezani Alison-Madueke. Okyere’s statement to the UK’s National Crime Agency (NCA) was presented in court on Tuesday at Southwark Crown Court, where prosecutors are pursuing bribery charges against Alison-Madueke. …
Zambia has broken ground on a $1.1 billion oil refinery in Ndola, the Copperbelt’s main industrial city, with construction scheduled for completion before the end of 2028. The facility is being developed by Zambia Petrochemical Energy Company (ZPEC), a joint venture between Chinese group Fujian Xiang Xin Corporation and the Industrial Development Corporation (IDC), the …
