Graphic Online
BY: Dotsey Koblah Aklorbortu
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Some stakeholders in the oil and gas industry have urged the government to urgently resolve the impasse between the local subsidiary of Italian oil company, Eni Ghana, and indigenous private exploration and production company, Springfield E&P, in the national interest.
More than a year after the government directed the two companies to link (unitise) their neighbouring discoveries, that has not been done due to a disagreement.
Springfield’s Afina field was discovered in the West Cape Three Points (WCTP2) while Eni’s Sankofa field, was discovered in the Offshore Cape Three Points (OCTP).
Executive Director of the Institute for Energy Security, Nana Amoasi VII, is challenging the government to come clean on the current power challenges explaining that there are power outages in people’s homes elsewhere that have nothing to do with the problems the government claims it is fixing.
He asked the government to tell Ghanaians what plan he has to deal with the energy situation.
On Sunday, the Minister for Energy, Dr Matthew Opoku Prempeh explained that the reasons why power cuts are happening is because of the ongoing work “ So we have to put out the lights somewhere so that someone can do that work”. The Minister explained.
‘Citizenry have higher expectations of govt’
May 10, 2021
Nana Amoasi VII,Executive Director of the Institute for Energy Security (IES), has observed that the expectations of the citizenry of the government is high and must work to ease the economic pressure on them.
He said because of high expectations, the government was always called upon to do more to ameliorate plight of the people.
Touching on the government’s reaction to the #FixTheCountry campaign, Nana Amoasi noted that the government could have absorbed the situation,admitted there were issues to be addressed and had not been able to handle fuel prices well since over the last four years fuel prices had increased by 70 per cent.
Date: May - 06 - 2021 , 09:46
BY: Emmanuel Bruce
• Mr Edwin Alfred Provencal - CEO, BOST
The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country.
The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin.
In a release issued by BOST, the company noted that it had also paid $573 million out of its $623 million debt to suppliers and related parties, and successfully vetted the $36 million claims from products lost claims from Bulk Distribution Companies (BDCs) down to $14.8 million.
The Head of Corporate Communications and External Affairs for Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Marlick Adjei has debunked the release from the stables of the Institute for Energy Security (IES) regarding BOST increased margins.
From the release of the Institute for Energy Security (IES), a respected civil society organization, it is asking the government for a withdrawal of the purported upward adjustments in the margins as the petroleum margins were reviewed through the regulator of the petroleum downstream, National Petroleum Authority (NPA).
According to the Head of Corporate Communications and External Affairs of BOST, the concern of the company about the release of IES has to do with the sensationalized interpretation of the increase in the BOST margin.