Ghana: Fuel Prices See Significant Drop
Some Oil Marketing Companies (OMCs) in Ghana have reduced their pump prices for petrol and diesel in the second pricing window of March. Petrol prices have decreased by between 66 pesewas and 30 pesewas, while diesel prices have dropped by between 47 pesewas and 30 pesewas.
In the first pricing window of March, petrol was sold between Gh¢15.79 and Gh¢14.99 per liter, while diesel was sold between Gh¢15.79 and Gh¢15.10.
However, as of Tuesday morning, some OMCs adjusted their prices, with petrol selling between Gh¢14.99 and Gh¢15.47, and diesel selling between Gh¢15.49 and Gh¢15.27 per liter.
The reduction in fuel prices is attributed to the decrease in refined petroleum product prices on the international market and the relative stability of the local currency, the cedi, in recent days. As of March 17, 2025, the average interbank exchange rate for a US dollar was Gh¢15.5478.
In Ghana, fuel prices are reviewed daily by OMCs, based on fluctuations in key factors such as exchange rates, refined petroleum product costs, and inflation. In contrast, fuel prices are reviewed monthly in other parts of Africa.
GOIL is selling petrol (Ron 91) at Gh¢14.99 per litre while petrol (Ron 95) is sold at Gh¢15.42, with diesel being sold at Gh¢15.36 per litre.
Shell is selling petrol at Gh¢15.30 per litre while diesel is sold at Gh¢15.47 per litre. Shell V-Power is being sold at Gh¢16.34 per litre.
TotalEnergies is selling both petrol and diesel at Gh¢15.49 per litre while Excellium is sold for Gh¢16.35 per litre
Star Oil is selling petrol (Ron 91) at Gh¢14.37 per litre while petrol (Ron 95) is sold at Gh¢15.67, with diesel being sold at Gh¢15.27 per litre.
Other OMCs are yet to review their pump prices.
Source:https://energynewsafrica.com
Ghana: GNPC Signals Openness To Prudent Partnerships In Oil Trading, Upstream Financing, And Gas Commercialization
Ghana National Petroleum Corporation (GNPC) has reiterated its commitment to forming strategic partnerships to enhance its capabilities in oil trading, upstream financing, and gas commercialization.
This was emphasised during a high-level meeting between GNPC’s Acting CEO, Kwame Ntow Amoah, and a delegation from Trafigura, a leading global commodities trading firm.
The Trafigura team, led by Daniel Woodbridge, Global Head of Crude Oil, highlighted their expertise in assessing debt capacity for major Ghanaian assets, including the Jubilee and TEN fields. “Our in-house engineering team has a deep familiarity with these assets, derived from years of engagement with Kosmos and Tullow,” Mr. Woodbridge noted.
The discussions also focused on Ghana’s expanding gas sector, driven by rising production from fields like Jubilee and Sankofa.
GNPC emphasised its efforts to bolster gas processing infrastructure and align capacity with domestic demand and potential export opportunities.
Securing sustainable financing remains a cornerstone of GNPC’s strategy.
Mr. Amoah acknowledged that while certain legacy financial obligations have been fulfilled, the Corporation is actively exploring innovative funding models to maximize operational efficiency and commercial outcomes.
“As Ghana’s national oil company, our priorities include enhancing trading operations, ensuring long-term financing stability, and capitalizing on our growing gas resources,” he stated.
“Trafigura’s expertise in crude oil trading and energy investments positions it as a compelling partner in this endeavor.”
A key focus of GNPC’s gas strategy is the Tema LNG project, which aims to establish Ghana as a regional energy hub.
The Corporation is pursuing initiatives to mitigate risks tied to contracted capacity while exploring export markets, particularly in landlocked neighboring countries.
Both parties expressed a commitment to deepening their dialogue, intending to craft actionable strategies that bolster Ghana’s petroleum sector and elevate its standing in the global energy market.
Following the meeting, GNPC and Trafigura formalized their collaboration by signing a Non-Disclosure Agreement (NDA), laying the groundwork for further engagement.
This development signals GNPC’s proactive approach to leveraging international expertise and capital to unlock value across its portfolio while reinforcing Ghana’s position as an emerging player in West Africa’s energy landscape.
Source: https://energynewsafrica.com
Mr. Amoah acknowledged that while certain legacy financial obligations have been fulfilled, the Corporation is actively exploring innovative funding models to maximize operational efficiency and commercial outcomes.
“As Ghana’s national oil company, our priorities include enhancing trading operations, ensuring long-term financing stability, and capitalizing on our growing gas resources,” he stated.
“Trafigura’s expertise in crude oil trading and energy investments positions it as a compelling partner in this endeavor.”
A key focus of GNPC’s gas strategy is the Tema LNG project, which aims to establish Ghana as a regional energy hub.
The Corporation is pursuing initiatives to mitigate risks tied to contracted capacity while exploring export markets, particularly in landlocked neighboring countries.
Both parties expressed a commitment to deepening their dialogue, intending to craft actionable strategies that bolster Ghana’s petroleum sector and elevate its standing in the global energy market.
Following the meeting, GNPC and Trafigura formalized their collaboration by signing a Non-Disclosure Agreement (NDA), laying the groundwork for further engagement.
This development signals GNPC’s proactive approach to leveraging international expertise and capital to unlock value across its portfolio while reinforcing Ghana’s position as an emerging player in West Africa’s energy landscape.
Source: https://energynewsafrica.com Eritrea: AfDB-Group, Eritrea Sign Agreement For 12 MW Mini-Grid Project
The African Development Bank Group and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project.
Eritrea’s Minister of Finance and National Development, who is also the Bank Group Governor for the country, Dr. Ghiorghish Teklemichae, signed on behalf of the government during a 10 March signing ceremony.
The Bank Group’s Deputy Director General for East Africa, Dr. Léandre Bassole, represented the institution.
The financing, to be sourced from the Bank Group’s Transitional Support Facility (TSF), will support the rollout of mini-grids that will generate 12MW of electricity across the regions of Teseney (6MW), Kerekebet (3MW), and Barentu (3MW).
The project will be implemented by the national Ministry of Energy, the Eritrea Electricity Corporation (EEC) and local companies under the supervision and guidance of a design and engineering technical consulting firm to be contracted.
“We are proud to say that Africa is working with Africa to bring change to Africa,” Minister Teklemichae said during the signing ceremony. “This is for the good of our people and we are ready to work with you.”
The project is expected to provide improved energy access to more than 235,000 Eritreans, 20 percent of them women and youth.
Beneficiaries will include residential households, small-scale farms, agro-processing zones, and water supply systems. The project will additionally benefit over 160 schools and 90 health centers in the Gash Barka region.
To build local capacity and ensure project sustainability, 25 local companies will be trained and equipped with tools and machinery.
“The African Development Bank, your Bank, is here to work with you for you,” Deputy Director General Bassole said in his opening remarks.
“Our main objective is that we will accompany countries to drive their own development.”
“Capacity building and knowledge transfer are critical to the success of the project’s implementation.This will be a continuous process,” he added.
The project is aligned with the Bank’s Interim Country Strategy Paper 2022-2024 for Eritrea, which prioritizes developing quality and sustainable infrastructure to support agricultural value-chains for economic diversification and structural transformation.
The project also advances the objectives of the 2018 Eritrea National Energy Policy, which aims to increase electrification rates and ensure that renewable energy contributes 20% of electric power by 2030.
Source:https://energynewsafrica.com
Ghana: Energy Minister Storms Ashanti Region Over Persistent Power Outages
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has arrived in Kumasi, the Ashanti Regional capital, to assess the persistent power outages frustrating residents and businesses in the region.
Many residents have been wondering why the power situation has worsened recently.
Regional Minister Dr. Frank Amoakohene, also concerned about the situation, expressed his worries on Facebook.
He stated that he has been inundated with calls from residents urging him to intervene and help resolve the power crisis.
“For some months now, we’ve been experiencing power outages. While some blame it on sabotage, others cite various reasons. Sunday, March 16, was particularly severe, with widespread outages across districts and municipalities, prompting numerous complaints from communities,” Dr. Amoakohene said.
During his visit, Minister Jinapor is expected to inspect ongoing power infrastructure projects in the Ashanti Region and engage stakeholders.
Source: https://energynewsafrica.com
Ghana: Let’s Work Together To Restore VRA’s Glory- Obeng-Kenzo Urges Staff
The Acting Chief Executive Officer of Ghana’s largest state-owned power generation company, Volta River Authority (VRA), Mr. Edward Ekow Obeng-Kenzo, has made a passionate appeal to staff to unite and work together to restore the Authority’s former glory.
Mr. Obeng-Kenzo made this heartfelt appeal during an engagement session with staff at the Anwomaso 1 Thermal Power Plant in Kumasi, Ashanti Region, as part of his ongoing tour to connect with employees across all operational areas.
The interactive session provided a platform for both unionized and senior staff members to ask questions, share suggestions, and discuss matters related to personal career growth and the organization’s overall progress.
Mr. Obeng-Kenzo, consistent with his recent approach, opened the Anwomaso meeting by outlining his visit’s purpose.
He shared his vision for VRA to solidify its position as the leading electricity producer, driving national progress, accelerating development, and doubling power sales to neighboring countries.
Mr Obeng-Kenzo stressed that the Authority’s human resource remains pivotal to achieving these objectives, hence his commitment to equipping staff with contemporary tools, comprehensive training, and enhanced conditions.
He further emphasised that the collective contribution of every VRA employee is indispensable in realizing the organization’s overarching goal to generate electricity at the most economical cost for the people of Ghana.
Mr. Obeng-Kenzo underscored that from support personnel to administrators, accountants, technicians, and engineers, each individual plays a crucial role in electricity generation.
He asserted that when every member of the VRA community recognizes their integral contribution, attaining organizational objectives will become significantly more attainable.
He announced plans for a series of world-class training programmes aimed at building staff capacity and expertise, supporting expansion projects, positioning VRA staff as industry-leading experts, and enabling them to present papers at international energy fora.
He revealed that VRA has received government approval to expand various thermal plants, with work scheduled to commence imminently and potentially become operational very soon.
This initiative aligns with the government’s mandate for VRA to provide for the majority of the nation’s electricity capacity needs.
Mr. Obeng-Kenzo concluded his visit by joining staff working on the second phase of the Anwomaso Thermal Plant which is expected to be completed by end of 2025 which will generate an extra 100 megawatts of electric power.
Accompanying the Acting Chief Executive were key VRA Executives, including Mr. Clement Boakye, Director of Corporate Strategy; Mr. Samuel Odartey Lamptey, Director of Thermal Generation SBU; Mr. Daniel Y. D. Onny, Director of Strategic Projects and New Business; and Mr. Francis Abban, Manager of Corporate Communications and Branding.
Source: https://energynewsafrica.com
The interactive session provided a platform for both unionized and senior staff members to ask questions, share suggestions, and discuss matters related to personal career growth and the organization’s overall progress.
Mr. Obeng-Kenzo, consistent with his recent approach, opened the Anwomaso meeting by outlining his visit’s purpose.
He shared his vision for VRA to solidify its position as the leading electricity producer, driving national progress, accelerating development, and doubling power sales to neighboring countries.
Mr Obeng-Kenzo stressed that the Authority’s human resource remains pivotal to achieving these objectives, hence his commitment to equipping staff with contemporary tools, comprehensive training, and enhanced conditions.
He further emphasised that the collective contribution of every VRA employee is indispensable in realizing the organization’s overarching goal to generate electricity at the most economical cost for the people of Ghana.
Mr. Obeng-Kenzo underscored that from support personnel to administrators, accountants, technicians, and engineers, each individual plays a crucial role in electricity generation.
He asserted that when every member of the VRA community recognizes their integral contribution, attaining organizational objectives will become significantly more attainable.
He announced plans for a series of world-class training programmes aimed at building staff capacity and expertise, supporting expansion projects, positioning VRA staff as industry-leading experts, and enabling them to present papers at international energy fora.
He revealed that VRA has received government approval to expand various thermal plants, with work scheduled to commence imminently and potentially become operational very soon.
This initiative aligns with the government’s mandate for VRA to provide for the majority of the nation’s electricity capacity needs.
Mr. Obeng-Kenzo concluded his visit by joining staff working on the second phase of the Anwomaso Thermal Plant which is expected to be completed by end of 2025 which will generate an extra 100 megawatts of electric power.
Accompanying the Acting Chief Executive were key VRA Executives, including Mr. Clement Boakye, Director of Corporate Strategy; Mr. Samuel Odartey Lamptey, Director of Thermal Generation SBU; Mr. Daniel Y. D. Onny, Director of Strategic Projects and New Business; and Mr. Francis Abban, Manager of Corporate Communications and Branding.
Source: https://energynewsafrica.com Ghana: NPA Donates Ramadan Package To National Chief Imam For The Needy
Ghana’s petroleum downstream regulator, National Petroleum Authority (NPA) has donated assorted food items to the National Chief Imam, Sheikh Osmanu Nuhu Sharubutu, to help needy Muslims observe the ongoing Ramadan.
The items included bags of rice, sugar, cooking oil, and packs of milo, milk, and water.
In his remarks after the donation at the Fadama residence of the National Chief Imam on Friday, the NPA Chief Executive, Mr. Godwin Kudzo Tameklo Esq., said the visit was to share in the bliss of the holy month of Ramadan.
“In this holy month of Ramadan, it is an opportunity to share so that those who have can share with those who do not have. One of the things I admire about Islam, is the opportunity to share” he said.
He expressed the hope that NPA’s gesture, which he described as a token, would inspire others to follow suit.
Flanked by his Deputies, Dr. Sheila Addo and Dr. Dramani Bukari, Mr. Tameklo Esq. lauded the National Chief Imam for his peaceful disposition and indicated that he had been instrumental in maintaining peace and stability in the country.
“I have always maintained that 32 years since 1992, one person who has been a source of stability in this country is the National Chief Imam.
“When he speaks, everybody listens. That is the extent of his control and influence”, he said.
The NPA Boss said in some countries, he would be said to be the shock absorber, working to resolve issues to ensure peace.
He said Ghanaians would continue to pray to the Almighty Allah to give him more life so that he continues to be stabilizing factor.
Mr. Tameklo Esq. said in his readings about Islam, one person he admired in the religion is Caliph Abu Bakr, who was the first Caliph (Supreme leader) to succeed Prophet Muhammed (PBUH). Caliph Abu Bakr succeeded in expanding the religion.
He, therefore, asked the National Chief Imam to pray for him to also manage and grow the affairs of the NPA in the interest of the country.
Mr. Tameklo Esq. called for a special prayer for President John Dramani Mahama, whom he acknowledged as the son of the National Chief Imam to deliver on his mandate to promote the country’s socio-economic development.
Responding, the National Chief Imam commended Mr. Tameklo Esq. for the relief he had given to the Muslim staff of the Authority during the Ramdan.
He said Allah would reward the NPA Boss abundantly for the care shown to the Muslims to observe the fast.
“If you help people, Allah will help you especially in this month of Ramadan”, he said.
Sheikh Sharubutu prayed to Allah to preserve Ghana’s peace and prayed for President Mahama and his team to succeed in the governance of the country.
Sheikh Sharubutu thanked the NPA for the gesture and prayed to Allah to support Mr. Tameklo Esq. and his executive management in all their endeavours.
The NPA delegation included Directors, Heads of Department and officers.
Source: https://energynewsafrica.com
“I have always maintained that 32 years since 1992, one person who has been a source of stability in this country is the National Chief Imam.
“When he speaks, everybody listens. That is the extent of his control and influence”, he said.
The NPA Boss said in some countries, he would be said to be the shock absorber, working to resolve issues to ensure peace.
He said Ghanaians would continue to pray to the Almighty Allah to give him more life so that he continues to be stabilizing factor.
Mr. Tameklo Esq. said in his readings about Islam, one person he admired in the religion is Caliph Abu Bakr, who was the first Caliph (Supreme leader) to succeed Prophet Muhammed (PBUH). Caliph Abu Bakr succeeded in expanding the religion.
He, therefore, asked the National Chief Imam to pray for him to also manage and grow the affairs of the NPA in the interest of the country.
Mr. Tameklo Esq. called for a special prayer for President John Dramani Mahama, whom he acknowledged as the son of the National Chief Imam to deliver on his mandate to promote the country’s socio-economic development.
Responding, the National Chief Imam commended Mr. Tameklo Esq. for the relief he had given to the Muslim staff of the Authority during the Ramdan.
He said Allah would reward the NPA Boss abundantly for the care shown to the Muslims to observe the fast.
“If you help people, Allah will help you especially in this month of Ramadan”, he said.
Sheikh Sharubutu prayed to Allah to preserve Ghana’s peace and prayed for President Mahama and his team to succeed in the governance of the country.
Sheikh Sharubutu thanked the NPA for the gesture and prayed to Allah to support Mr. Tameklo Esq. and his executive management in all their endeavours.
The NPA delegation included Directors, Heads of Department and officers.
Source: https://energynewsafrica.com One Killed In Explosion At Rosneft’s Oil Refinery In Russia
A devastating explosion occurred at Rosneft’s oil refinery in Ryazan, Russia, resulting in the loss of one life and injuring three others.
The blast happened during scheduled maintenance work, when equipment depressurization occurred, according to the refinery’s representative cited by TASS.
The refinery, owned by Russia’s largest oil producer Rosneft, has been targeted multiple times by Ukrainian drones, leading to a temporary suspension of operations in February.
Located approximately 196 kilometers southeast of Moscow, the Ryazan refinery is one of Russia’s largest, processing 13.1 million metric tons of oil in 2024.
The incident has raised concerns about the safety and security of oil infrastructure in the region.
Source:https://energynewsafrica.com
Angola: Police Seize Over 123,000 Litres Of Smuggled Fuel In Cabinda
Angolan authorities have made a significant breakthrough in their fight against fuel smuggling, showcasing a massive seizure of 123,668 liters of contraband fuel in Cabinda.
This impressive haul, comprising gasoline, diesel, and paraffin, was accumulated over the past 12 months as part of anti-smuggling operations.
The seized fuel, along with 64 motorized vehicles used for smuggling, was handed over to the Technical Committee for the identification of the crime of fuel smuggling, led by Judge Daniel Modesto Geraldes.
Notably, 12 individuals, including nationals and foreigners, were arrested for their involvement in these crimes, and their cases are currently being processed by regional justice authorities.
According to Alves René, the commission’s spokesperson, the seized fuel and equipment will be returned to the State in the coming days, pending formalization of the case.
During their visit to Cabinda, the commission also inspected the 1st Border Guard Police Unit and the Navy’s Naval Squadron, where smuggled fuel and equipment are stored.
Source:https://energynewsafrica.com
Ghana: Executive Secretary Of PURC Embarks On Working Visit To Upper West Region
The Executive Secretary of the Public Utilities Regulatory Commission (PURC), Dr. Shafic Suleman, has embarked on his first regional tour, visiting the Upper West Region.
This tour is part of his efforts to familiarize himself with the Commission’s operations across the country.
During his visit, Dr. Suleman paid a courtesy call on the Upper West Regional Minister, Hon. Charles Lwanga Puozuing, to officially inform the Minister of his presence in the Region.
Dr. Suleman explained that the purpose of the visit was to engage with stakeholders and identify challenges in the utility value chain, with the goal of finding tailored solutions.
The Upper West Regional Minister welcomed Dr. Suleman and his team, expressing his gratitude for choosing the Upper West Region as their first destination. He highlighted several pressing issues, including recurring power outages, fluctuations on the main Wa–Burkina Faso distribution line, and lack of prior notice for water outages. The Minister suggested assigning a dedicated line and transformer to the Wa Teaching Hospital due to its critical services.
The Executive Secretary of PURC was accompanied by Alhaji Jabaru Abukari, Director for Regional Operations and Consumer Services; Dr. Eric Kofi Obutey, Director for Research and Corporate Affairs; Mr. Edmond Kweku Tuffour, Deputy Director, Regional Operations and Consumer Services responsible for the Northern Zone; Dr. Robert Tia Abdulai Aziz, Head of Corporate Affairs; Reginald Osei Asibey, Finance Officer; and Ms. Fauzia Tanko, the Secretary to the Executive Secretary.
The Upper West Regional team of PURC, comprising Mr. Ali Abdul Wadud, Regional Manager; Amin Bashiru Nuhu, Regional Public Relations and External Affairs Officer; Bilal Alhassan Pelpuo, Complaints Officer; Mrs. Zenabu Gyamfi, Administrative Officer; and Mr. Yussif Belko Mumuni, Transport Officer, were all present to assist in the success of the Executive Secretary’s tour of the region.
Source:https://energynewsafrica.com
Nigeria: TCN Establishes Committee To Develop Advanced Network Monitoring System
The Transmission Company of Nigeria (TCN) has inaugurated a Network Monitoring System Development Committee as part of a strategic effort to enhance grid stability and mitigate power system disturbances.
The committee’s primary objective is to design and implement an advanced monitoring system equipped with integrated data analysis and real-time operational awareness capabilities.
This will ensure optimization of generation and transmission resources in grid operations.
At the committee’s inauguration, the Executive Director, Independent System Operations (ISO), Engr. (Mrs.) Nafisat Ali highlighted the importance of this initiative.
She noted that the System Operator is responsible for managing the entire power system network, which includes planning and monitoring operations.
However, the current manual operation poses challenges in terms of visibility and tracking the activities of various stakeholders.
Engr. Nafisat mentioned that the increasing complexity of the power system necessitates the development of a comprehensive Network Monitoring System.
The Committee Chairman, Engr. Ojo Thomas Oladeji, who is also the Assistant General Manager (Research) at ISO, noted that TCN’s in-house engineers have proficiently maintained the system with locally developed solutions.
He also mentioned that the committee intends to leverage the capabilities of Phase Measuring Units (PMU) along with existing IoT data to meet its goals.
The eight-member committee will employ domestic technologies, including the Internet of Things (IoT), to develop the Network Monitoring System.
This system will be operational prior to the completion of the ongoing work on the Supervisory Control and Data Acquisition (SCADA) System and will subsequently serve as a backup.
The comprehensive deployment of IoT throughout the grid network, coupled with the integration of artificial intelligence (AI) tools across generation, transmission, and distribution data processing, will significantly enhance the project’s success.
Source:https://energynewsafrica.com
Mozambique: US Exim Bank Approves $5 Billion Loan For LNG Project
The United States Export-Import Bank has approved a loan of almost $5 billion for the liquefied natural gas (LNG) project in Mozambique, being developed by a consortium led by the French oil and gas company TotalEnergies, according to a report by Mozambique News Agency citing Reuters.
The LNG project is budgeted at around 20 billion dollars.
The Export-Import Bank had previously agreed a 4.7billion dollar loan under President Donald Trump’s first administration, but it needed to be re-approved after construction on the project was frozen in 2021 following a major attack by islamist terrorists against Palma town, in the northern province of Cabo Delgado.
TotalEnergies CEO Patrick Pouyanne said in February that he expected financing from the United States to be approved in coming weeks, with other credit agencies to follow in the ensuing months.
The company had been waiting for loan re-approvals from the United States, UK and Dutch export credit agencies before lifting a force majeure on the project that has been in place since the 2021 terrorist raid.
The Mozambican Energy Minister, Estevao Pale, told the British “Financial Times” that he also expects the UK and Netherlands to reconfirm their support.
It was hoped that the project, known simply as “Mozambique LNG”, in which TotalEnergies holds a 26.5 per cent operating stake, would make Mozambique one of the major LNG producers in the world. But the jihadist raid of 2021 brought all work on the project to a halt.
But security has now improved with troops from Mozambique and Rwanda deployed to protect the Afungi Peninsula where the LNG plants will be built.
Source: https://energynewsafrica.com
Nigeria: APGC Webinar Calls For Greater Gender Inclusivity In Energy Sector
The Association of Power Generation Companies (APGC) in Nigeria on Monday, March 10, 2025, successfully hosted the “Women in Power: Accelerate Action” webinar to empower women in the energy sector to continue advancing.
The event brought together experts, industry leaders, and policymakers to discuss challenges and opportunities for women in the sector, while launching a new Women in Power Mentoring Program.
The webinar, anchored by Peace Oghenegbavwe and moderated by Rahila Thomas, Country Director of EMRC, featured keynote speakers such as Ifeoma Malo, Dr. (Mrs.) Heather Onoh, and Ibiene Okeleke as panelists. Dr. Joy Ogaji, CEO/Executive Secretary of APGC, served as the chief host and convener.
Ifeoma Malo, CEO of Clean Tech Hub Nigeria, emphasized the need for women to identify problems in the energy sector and provide solutions. She encouraged women to support one another, provide platforms for representation, and consistently help those coming up in the industry.
Dr. (Mrs.) Heather Onoh shared her experiences as the only female board member on the APGC Board. She stressed the importance of empowering women, stating, “A strong woman is a woman who raises another woman.”
She urged women to stand up, be willing to impact, and champion courses that promote positive change.
Ibiene Okeleke addressed the challenges women face in remaining in the sector.
“We need family-friendly workplace policies, such as on-site childcare, remote work options, and flexible schedules, to support women in their careers,” she said.
Okeleke stressed the importance of embedding young women into organizations through mentorship and hands-on training programs, ensuring they gain practical experience and long-term career development.
In her contribution, Mrs. Evangeline Babalola, Director of Policy, Research, and Statistics at the Federal Ministry of Power, emphasized the need for women’s involvement in decarbonization efforts and sustainable energy policies.
Babalola highlighted the environmental impact of energy choices, emphasizing that women, particularly those in rural areas, bear the brunt of harmful cooking fuels.
Dr. Joy Ogaji answered questions posed to her, sharing an example of how she intended to enroll ladies for internship training but ended up having only one in her team despite many applications.
The panel discussion concluded with a question-and-answer session, providing valuable insights and takeaways for women in the power sector. Following this session, the Women Mentoring Program, spearheaded by Dr. Joy Ogaji, Chief Executive of APGC, was launched.
The program aims to provide structured mentorship for women at different stages of their careers in the power sector, helping them navigate challenges and build long-term success.
Dr. Ogaji emphasized the importance of mentorship in breaking barriers and ensuring that more women rise to leadership positions.
“Women need guidance, sponsorship, and advocacy in this sector. Through this mentorship program, we will create a strong network of women leaders who can uplift the next generation,” she emphasized.
The webinar concluded with a call to action for industry leaders, policymakers, and stakeholders to accelerate gender inclusivity.
“As women, we must support one another, take bold steps, and challenge the status quo. We are not just asking for inclusion; we are proving that we belong in this space,” Dr. Ogaji declared.
In Rahila Thomas’ words, “The call to accelerate action is not a sprint but a marathon that requires unwavering determination and self-will.”
The “Women in Power: Accelerate Action” webinar was a resounding success, empowering women to accelerate action, challenge gender biases, and drive positive change in the power sector.
The event marked a significant step toward bridging the gender gap in the Nigerian energy sector.
As the industry continues to evolve, the contributions of women will be critical to achieving a sustainable and equitable energy future.
Source:https://energynewsafrica.com
Ghana: PETROSOL Hosts 3rd Women In Leadership Conference
The PETROSOL Women Network, an initiative of PETROSOL Platinum Energy Ltd., held its 3rd Women in Leadership Conference on Friday, March 7, 2025.
The event commemorated International Women’s Day and brought together approximately 100 women, including respected female senior business executives from the petroleum downstream industry and other sectors, as well as female staff of PETROSOL.
The conference, themed: “Accelerating Exponential and Sustainable Growth: The Role of an Energized Woman,” focused on the significant role women play in driving lasting, impactful change in their careers and communities. The event provided a platform for exchanging valuable perspectives on overcoming challenges, breaking barriers, and creating sustainable leadership practices for women.
The conference opened with an address from the Chairperson, Mr. Daniel Acheampong, also the Board Chairman of PETROSOL.
He emphasized the importance of cultivating a world where women are not only participants but also leaders, capable of driving exponential and sustainable growth.
“We have to create a world where women do not just participate but lead with vision and drive exponential growth on a sustainable basis,” he stated.
The Keynote Speaker, Mrs. Ivy Apea Owusu, CEO of Cirrus Oil Services Ltd, delivered an inspiring message highlighting the importance of networking and collaboration for sustainable growth.
“Networking and collaboration are very important keys to growing exponentially and sustainably. Build meaningful relationships and surround yourself with people who push you to bring out your best. Step out of your comfort zone, be agile and resilient. You need to be seen to make an impact. The future is ours. Lead with purpose and thrive,” she shared.
The Guest of Honour, Dr. Sheila Addo, Deputy Chief Executive, Technical, at the National Petroleum Authority (NPA), remarked, “Achieving success as a woman in leadership is not without its challenges. Along the journey to the top, obstacles are inevitable.
However, resilience, expertise, and a deep understanding of one’s field are essential qualities that enable women to persevere and sustain their leadership positions.”
She challenged the ladies to dare to be the best at what they do.
The CEO of PETROSOL, Michael Bozumbil, commented, “Here at PETROSOL, we are proud that women can walk into our organization and feel empowered, free to express their views and showcase their talents. We are pleased that this is the culture we’ve cultivated.”
A key feature of the conference was the panel discussion, which covered a wide array of topics, including career progression, overcoming obstacles, breaking barriers, and creating transformative change through leadership.
The panel discussants included Dr. Mrs. Stella Agyenim-Boateng, former Deputy Chief Executive in charge of Services at Volta River Authority (VRA) and currently Vice Chairman of the Public Services Commission; Lawyer Kwame Jantuah, energy policy strategist and CEO of the African Energy Consortium; and Lesley Arthur, CEO of Cubica Energy, a Bulk Import, Distribution and Export Oil Trading Company.
A networking reception followed, providing attendees the chance to engage with industry peers and leaders in a supportive and collaborative atmosphere, setting the stage for future partnerships and mentorship opportunities.
As part of its ongoing commitment to promoting diversity, inclusion, and the empowerment of women within the energy sector and beyond, PETROSOL’s Women in Leadership Conference continues to be a vital initiative in creating opportunities for women to lead with confidence and purpose.
Source:https://energynewsafrica.com
Kenya: Energy Regulator Unveils New Fuel Pricing Framework
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has introduced a new fuel pricing model that seeks to balance the interests of consumers, investors and the government while ensuring price stability in Kenya’s petroleum sector.
Speaking at a stakeholder meeting in Nairobi, EPRA Director General Daniel Kiptoo Bargoria emphasised that the revised pricing structure, developed after extensive consultations, aims to reflect the real costs incurred across the fuel supply chain.
Kiptoo said that the study behind the model considered key factors such as taxation, transportation costs, exchange rate fluctuations, and global oil prices.
“The last review was conducted in 2018, and since then, the economic landscape has significantly changed,” he said, adding that this new model took into account inflation, the depreciation of the Kenyan shilling, and changes in international oil markets to ensure a fair pricing system.
Also making his remarks was the Director of Economic Regulation and Strategy Directorate at EPRA, Dr. John Mutua, who highlighted key areas of focus, including petroleum product procurement, transportation costs, and retail pricing.
Mutua reiterated that the study examined the existing petroleum pricing formula, assessing the accuracy of various cost parameters from importation to retail distribution.
According to him, one of the significant revelations was the impact of fluctuating global oil prices and exchange rate instability.
He insisted that the shift from the Open Tender System (OTS) to a Government-to-Government (G2G) procurement arrangement with Abu Dhabi National Oil Company (ADNOC) and Emirates National Oil Company (ENOC) has helped stabilize fuel supply but has also introduced higher premiums.
Further, he announced that EPRA was also working towards improving demand forecasting, especially for Liquefied Petroleum Gas (LPG) and kerosene, which have experienced significant market shifts.
Additionally, Dr. Mutua disclosed the authority was looking into adjusting transportation costs, which have remained unchanged since 2010 despite rising fuel and labour expenses.
“Retail operating margin at the moment is 4.14. For super, in the first phase, it will increase to 4.96, which is 0.82. And lastly, secondary transport, 0.54. We will adjust to 0.86 in the first phase. And then now, the others will replace them,” declared the director.
Meanwhile, the review also touched on infrastructure investments, including pipeline expansions and storage facilities, to enhance fuel distribution efficiency across the country and the East African region.
To ensure fair pricing, EPRA is proposing phased implementation of price adjustments, with increments expected in various margins, including retail and wholesale profits, transportation, and storage costs.
Further, the new pricing model aims to balance affordability for consumers while sustaining the petroleum supply chain.
Source:https://energynewsafrica.com