Ghana National Gas Company (GNGC) has announced that the Volta River Authority’s (VRA) debt for the supply of lean gas for power generation is currently more than $350 million. According to the Chief Executive Officer of GNGC, George Ajah-Sipa Yankey, as a result of the arrears, the company was unsuccessful in paying back the Chinese Development Bank loan facility it acquired for the...

Oryx Energies has opened an “Oryx Lube Shop” in Iringa, in southern Tanzania, marking the sixth store exclusively dedicated to its lubricants that has been opened in the country since July 2015. The lubricants market in Tanzania has been facing the challenge of poor quality, counterfeit lubricating oils, which has a damaging effect on the country’s vehicles, economy (including lost tax...

Petromin Corporation has announced that it intends to invest $28 million in the Egyptian market, to increase its network of fuel stations and service centers as well as build a pioneering lubricants blending plant.The Saudi Arabia’s leading lubricants and automotive services company, is estimating to establish 1,000 new jobs in Egypt by 2020. In the past one year and half, Petromin has...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has increased its method of service delivery of petroleum products across the nation as the association has entered into a five-year contract with Star Synergy Petroleum Services Limited. The throughput and trading agreement includes storage and supply of petrol, diesel, kerosene and Aviation fuel throughout the...

Oryx Energies has launched 16 new service stations in Mali, bringing its total number of stations from seven to 23. The service stations located in Bamako, Kayes, Koutiala, Ségou and Sikasso, have established more than 150 new jobs, including about 200 extra jobs in the transport sector. “We are pleased to be expanding our retail network in Mali. This enables us to bring high quality fuels...

Puma Energy, has announced that it has officially commenced operations in Ghana. According to the company, partnering with Blue Ocean Investments for the storage business and UBI Petroleum, (now Puma Energy Distribution Ghana), on the retail side it plans to deliver quality and affordable fuel to Ghana. “Puma Energy links local demand with international supply, through investment in...

The Nigerian National Petroleum Company (NNPC) on Tuesday revealed that the current fuel scarcity in the northern part of the country will end in the next two weeks after the damaged pipelines delivering crude oil to Kaduna Refining and Petro-chemical Company (KRPC) has been renovated. According to the Group Executive Director and Chief Operating Officer, upstream sector, NNPC, Alhaji Bello...

The Africa Centre for Energy Policy (ACEP), has advised the Ghanaian government to consider buying gas from other suppliers in Nigeria after N-Gas, which delivers gas via the West Africa Gas Pipeline Company (WAGPCo), failed to meet the agreed volumes. N-Gas under the agreement with Ghana is to supply 120 Mmscf/d of gas, but instead the company supplies an average of 30 Mmscf. According to the...

Puma Energy has announced that it has obtained a licence to operate as an Oil Marketing Company in Ghana. According to the Chief Operating Officer Christophe Zyde, the company has obtained a licence and essential authorization from the National Petroleum Authority to operate as an oil marketing company in the country. “Two weeks ago, we received approval from the NPA to change the name UBI to...

Afrox has announced that it has secured more multimillion-rand, multiyear supply contracts. According to the company, it had been granted a R60-million, three-year contract extension to supply bulk liquid nitrogen, compressed and special gases and welding consumables to an oil refinery in South Africa. It also acquired a R40-million, five-year contract extension for the supply of liquefied...