Source: https://energynewsafrica.com Ghana: ECG Stirs Anger On Social Media As It Celebrates MD’s Achievements In Two Years
The Electricity Company of Ghana (ECG) has been celebrating the achievements of its Managing Director, Samuel Dubik Mansubir Mahama (Esq), who assumed office two years ago.
Dubik Mansubir Mahama, who was a member of the ECG Board, was appointed by President Akufo-Addo in May 2022 to replace Kwame Agyeman Budu who attained mandatory retirement age.
Marking his second anniversary on Tuesday, ECG, in a Facebook post described Mr Dubik Mansubir Mahama’s two years in office as transformational.
The ECG wrote: “Yesterday marked a significant milestone as our Managing Director; Mr Samuel Dubik Mahama Esq, achieved two years of exemplary leadership at ECG. Under his guidance, we have witnessed remarkable transformations.”
The ECG then highlighted some of the things that have been done since his leadership.
According to the ECG, it has implemented digital solutions for seamless payment and billing processes, which ensured convenience for its customers and combating losses and corruption.
It again mentioned the revamping of the ECG PowerApp, by making it more user-friendly and accessible, resulting in a surge of active users from 500,000 to over 3.5 million.
The company further touted the elevation of its monthly revenue from GH¢400 million to an impressive GH¢1 billion, enabling it to invest in improving services.
“Significantly reducing meter request backlogs through the Loss Reduction Project (LRP), injecting 275,000 meters into the system and improving efficiency.
“Replacing outdated meters with our enhanced meter management system, ensuring accuracy and reliability for our customers across operational regions,” ECG said.
The company concluded its message by asking Ghanaians to join it in applauding its Managing Director for his visionary leadership and thanking its staff for their dedication and support in achieving these milestones.
However, some Ghanaians who visited the ECG’s Facebook page to comment expressed varying views.
While a few of them commended Mr Dubik Mahama’s efforts so far, others believed the ECG was being insensitive to Ghanaians for asking them to commend him (the MD) when they have been experiencing power outages in their homes.
The post had garnered 1.100 likes with 768 comments and 97 shares as of Wednesday morning.
https://web.facebook.com/ECGghOfficial/posts/869544838550386?ref=embed_post
A social media user by the name of Mckingtorch Makafui Awuku, wrote: “This should be an internal memo. When consumers wanted a timetable for outages, you ignored them. It’s insensitive. Or the customer is not king?”
Another user by the name of Sos Lives wrote: “I applied for prepaid metering in January this year for my shop, paid all necessary fees and expectations done. But I’m yet to get my meter fixed because I learned there is no meter available. How do u [sic] guys expect start-ups in this country to do well with this kind of messed up system?”
Source: https://energynewsafrica.com
Source: https://energynewsafrica.com Nigeria: Three Persons Jailed Six Years Each For Damaging IBEDC’s Electrical Installations
Three people have been sentenced to prison for six years each by the Federal High Court, Abeokuta Division in the Republic of Nigeria, for unlawfully tampering, disconnecting and damaging electrical installations belonging to Ibadan Electricity Distribution Company (IBEDC).
The convicts–Chibueze Emmanuel, Michael Genesis and Ojuilape Olaitan–pleaded guilty to the offence and were accordingly jailed by the court presided over by Hon. Justice A. Demi-Ajayi.
The facts of the case as presented in court were that Chibueze Emmanuel and Michael Genesis were arrested in January 2022 while Ojuolape Olaitan was arrested in January 2024 and was put before the court.
The judge adjourned the case to May 8, 2024, for the review of the facts.
After a careful review of the facts, the Hon. Judge sentenced each of the defendants to six years of imprisonment.
Commenting on the case, IBEDC noted that energy theft cases which include various offences such as meter bypass and illegal meter tampering have a significant financial loss for the company.
As stipulated by the Electricity Act of the Federal Republic of Nigeria, IBEDC said energy theft is recognised as a criminal offence, carrying severe penalties including imprisonment.
“We want to send a clear message to our customers that energy theft will not be tolerated. Our collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences underscores our commitment to ensuring a fair and just electricity distribution system.
Energy theft not only undermines the integrity of our operations but also deprives IBEDC of the revenue necessary to provide quality services to our customers.
“We urge our customers to refrain from engaging in any form of energy theft, as the consequences can be severe,” the company said in a statement.
Source: https://energynewsafrica.com
Ghana: ECG ICT Directorate Began Revenue Collection Digitalisation In 2016–ECG Workers’ Response To Bawumia
The staff of the Electricity Company of Ghana (ECG) has challenged a claim by the Vice President of Ghana, Dr Muhamadu Bawumia, that they sabotaged the government’s effort to digitalise ECG’s revenue collection.
According to the workers, Dr Bawumia’s claim of sabotage is not only unfounded but also dampens the morale of the hardworking ECG workers, especially those working in the IT Department.
Disputing the claim by Vice President Bawumia which seems to suggest that the power distribution company began digitalisation under the current administration, the ECG staff said the ICT Directorate already spearheaded the digitalisation of the ECG payment systems with the rollout of the ECG PowerApp and USSD(*226#) services dating in July 2016.
The staff said Dr Bawumia was only invited as a Guest of Honor on the 18th of February 2020 to launch the ECG PowerApp at the Head Office of ECG.
“ECG’s financial performance is a matter of public record, as indicated in the company’s 2019 Annual Report. The average monthly revenue for the period 2017 to 2019 was around GHS532.7 million. In the 2023 signed SIGA–ECG Performance Contract, the average monthly revenue was GHS631.3 million as of early 2022. These documents are available to the public on the ECG website.
“The ECG IT Department has been at the forefront of digitalising revenue collection for decades, a fact that seems to have been overlooked. The sophisticated ransomware attack attributed to internal sabotage has been proven to be the work of an international cybercriminal group (Lockbit), which further exonerates our members from such erroneous claims,” the workers said in a statement issued by Michael Adu Mattah, General Secretary of Public Utilities Workers’ Union ( PUWU).
The ECG staff said they prioritise initiatives that enhance efficiency and service delivery.
“We further wish to put on record that the enhancement of aspects of digitalisation into ECG work processes by the current Management has improved convenience to our customers and commitment exhibited by staff has been the pivot of any observed Improvement especially in the area of revenue mobilization.”
The workers expressed awareness of attempts to privatise ECG and urged stakeholders to refrain from disparaging hardworking members.
“We are fully aware of the several attempts by some key stakeholders to push for the privatisation of ECG and the deliberate attempt to give ECG a bad name and hang it. We urge key stakeholders to refrain from disparaging our hardworking members and instead recognise their contributions to national development, in the face of many challenges including the shortage of critical resources for smooth operations,” the workers said.
Source: https://energynewsafrica.com
Breathe Battery Technologies Appoints Laurent Cordonnier As CFO
Leading supplier of physics-based adaptive charging software for batteries, Breathe Battery Technologies (“Breathe”) has strengthened its senior leadership team with the appointment of Laurent Cordonnier into the role of Chief Financial Officer, effective immediately.
Reporting directly to CEO and co-founder Dr Ian Campbell, and working closely with fellow co-founders Dr Yan Zhao (CTO) and Professor Gregory Offer (Chief Scientist), Cordonnier’s appointment comes at a pivotal time for Breathe as the company positions itself for further expansion and industry leadership.
His extensive experience will contribute to the company’s growth trajectory, which can be seen through the announcement of recent partnerships with leading OEMs, including Volvo Cars.
In March, Breathe announced that Volvo Cars will implement the latest version of Breathe Charge adaptive charging software in its new generation fully electric cars. Breathe Charge will reduce the time it takes to charge an electric Volvo from 10 to 80% state of charge by as much as 30%*, while maintaining the same energy density and range.
As Breathe further scales its customer base, Cordonnier will play a central role in enabling the organisation to continue making batteries better.
Cordonnier has joined Breathe from private-equity backed technology companies Native Instruments and Deezer where he served as CFO to drive revenue growth, while also leading successful capital raises.
His experience at Native Instruments, which blends software, hardware and creativity to create experiences, positions him perfectly to drive similar outcomes for Breathe. Prior to that, Cordonnier was an investor at Access Industries and an investment banking associate at Morgan Stanley.
He has two decades of experience in financial leadership and as CFO of Breathe he is set to play a fundamental role as the company continues its expansion in response to intense demand.
Laurent Cordonnier, Chief Financial Officer, Breathe said: “I am excited and honored to join the team at Breathe. The company’s commitment to innovation and its potential to significantly impact the automotive and consumer electronics industries is truly extraordinary. I look forward to working closely with the founders Ian, Yan, Greg and the entire team as we embark on the next phase of growth and continue to deliver on our promise of creating remarkable end-user experiences through software-defined batteries.”
Dr Ian Campbell, Co-founder and Chief Executive Officer, Breathe said: “We are delighted that Laurent has chosen to join Breathe as our CFO. This new appointment reflects the growing capability of Breathe to proactively address existing gaps in battery technology. We set out to make batteries better and Laurent’s wealth of experience has found fertile ground here as we expand our production programmes and further invest in technologies.”
Since its inception, Breathe’s focus has been on building battery technology to contribute to a faster, better and more sustainable electrification of the world. It exists to enable world-class OEMs to do more with the power they have, unlocking performance from existing batteries to deliver superior end-user experiences. Unlike traditional methods, Breathe’s adaptive battery charging software dynamically controls the battery in real-time with demonstrated benefits in charging and user experiences. This includes delivering longevity and optimal performance gains, while simultaneously supporting battery health and sustainability efforts.
Cordonnier’s appointment also comes off the back of recent investment from Volvo Cars Tech Fund in March and a $10 million series A led by Lowercarbon Capital, one of the world’s largest climate tech investors, with participation from Speedinvest, who led Breathe’s seed round in 2019.
Cordonnier began his career as an auditor with Arthur Andersen and PricewaterhouseCoopers. Laurent holds a Master of Science in Mechanical Engineering from San Jose State University and an MBA from MIT Sloan School of Management.
Illinois State Treasurer Urges Exxon Shareholders To Vote Against CEO Woods, Director Hooley
The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a filing showed on Monday.
The treasurer has also recommended voting against Lead Independent Director Joseph Hooley during the company’s annual shareholders meeting scheduled to take place on May 29.
Exxon, which is frequently the focus of critical shareholder resolutions, struck back earlier this year when it filed a lawsuit seeking to block a vote on a climate proposal submitted by two small activist investors.
While the investors responded by dropping the proposal, Exxon has refused to drop the legal action against them.
“The actions taken by the company signify poor judgment and oversight by board leadership,” the filing cited the treasurer as saying in a letter dated May 9.
Exxon did not immediately respond to a Reuters request for comment.
Last Friday, Glass Lewis had recommended investors vote against Hooley, citing concerns about Exxon’s “unusual and aggressive tactics” in pursuing a lawsuit against activist investors.
Source :Reuters
Zambia: Managing Director Of Zesco Limited Sacked Over Load-Shedding
The Managing Director of Zesco Limited, Zambia’s power utility company, Mr Victor Mapani, has been reportedly sacked, according
It is not clear what caused his dismissal but it is likely his dismissal has to do with the ongoing load-shedding in the southern African nation.
In a WhatsApp chat with a Zambia-based journalist, Francis, he said Mr Mapani is alleged to have hiked electricity tariff a week ago without consulting the government, despite the debilitating power crisis in the country.
According to him, Mr Mapani was forced to proceed on leave with no sign of his return.
Zesco Limited began eight hours of load-shedding in Lusaka and surrounding towns in March this year.
After a few weeks, the company reviewed the load-shedding hours upwards.
On Sunday, May 12, 2024, Zesco Limited reviewed the load shedding hours to between 12 and 22 hours.
A few weeks ago, some Zambians who are into small-scale and medium enterprises demanded the resignation or dismissal of the Managing Director of Zesco Limited.
In the petition which was signed by Daimone Siulapwa, the group stated that the unprecedented levels of load shedding have plunged homes, businesses and essential services into extended periods of darkness.
“This chronic power shortage has had devastating consequences on our daily lives, hindering productivity, disrupting education, compromising healthcare, and stifling economic growth.
“Despite repeated assurances from ZESCO’s management, led by Managing Director Victor Mapani, the situation has only worsened, with no tangible solutions in sight. Instead of addressing the root causes of the power crisis and implementing effective measures to alleviate the burden on citizens, ZESCO’s leadership has failed miserably in fulfilling its mandate,” a portion of the petition said.
The group accused the Managing Director and his team of grossly failing to meet the expectations of the Zambian people, stating that “his inability to provide reliable and sustainable power supply demonstrates a lack of leadership and competency that cannot be tolerated any longer.”
They demanded that the top management salaries should also be cut by 25 per cent.
“The resignation of Managing Director Victor Mapani and salary cuts for the remaining management team are necessary steps towards restoring the integrity and credibility of ZESCO and ensuring that the citizens of Zambia receive the reliable and affordable electricity they deserve.”
Source: https://energynewsafrica.com
Ghana: Gas Explosion At Spintex Kills Two Persons, Leaves Five Seriously Injured
Two people died, with five others sustaining varying degrees of injuries following an explosion that occurred at Joyea Construction at Spintex, a suburb of Accra, the capital of Ghana, Friday afternoon.
The remains of the deceased have been deposited at a morgue while the injured persons are hospitalised and responding to treatment.
Confirming the incident, the Tema Regional Public Relations Officer of the Ghana National Fire Service, DOI Ebenezer Yenzu, said his outfit received a distress call at about 2:20 pm, Friday, and quickly, a team of firefighters was dispatched to the scene.
“The call was about a blast at Joyea Construction and had to respond immediately. We, then, dispatched the personnel at the fire station around Kasapreko to the scene.
“Joyea is into construction works, roofing sheets, trusses and other things. We gathered that one of the oxyacetylene gas tanks used as part of metal fabrication ruptured. Oxyacetylene is obtained by combining acetylene gas and oxygen, and it is used for welding and cutting of metal,” he narrated in an interview with Accra-based Joy News.
He stated that there was no fire generated in the explosion.
However, he said the fire team would be finding out the exact cause of the explosion as several factors could play out.
“Several possibilities could lead to the oxyacetylene tank rupturing. It could be due to leakage from the tank, the nozzle, whether the concentration level was too high, positioning of the tank, exposure to heat and other factors. Our investigations will look at all these,” DOI Yenzu explained.
He said finding the exact cause would help avert a recurrence in future.
Asked if the management of Joyea Construction had shared any information, he said they would engage management and the staff after ensuring the place was safe enough.
“Aside from ensuring safety after the explosion, the Fire Service is monitoring the condition of the five injured,” DOI Yenzu added.
DOI Ebenezer Yenzu advised companies dealing in industrial materials of such nature to continuously monitor their location.
“You need to always check the temperature. Despite the accident happening in an open space, the proximity could be an issue. When dealing with welding equipment, ensure they are a distance from where you’re doing your hot work.
“Periodically, check your hoses, the gauge and nozzle if there are any leakages and anything that matters to ensure safety for all,” he cautioned.
Source: https://energynewsafrica.com
Ghana: Council of State Meets GRIDCo, VRA And EGG Over Power Sector Issues
The members of the Advisory Body of the Government of Ghana, the Council of State, have met with state-owned power sector players to interact with them on the happenings in the power sector.
The power sector agencies represented at the meeting were the Board and Management of GRIDCo, Volta River Authority (VRA) and the Electricity Company of Ghana (ECG).
The Council of State sought more information and clarification on the current state of the power sector to aid the Council in performing its advisory functions effectively.
GRIDCo outlined its role in the energy value chain, the capacity of its transmission infrastructure, and the factors influencing power delivery in the NITS.
VRA and ECG briefed the Council on their respective operations and current challenges.
There were extensive discussions covering the role of all stakeholders in resolving the issues facing the power sector.
Amb Kabral Blay-Amihere, Chairman of the Board, reiterated GRIDCo’s commitment to collaborating with other stakeholders in the energy sector to ensure a robust network and reliable power delivery to Ghanaians.
The Council of State expressed gratitude to the power sector players for their significant contributions to the country’s industrialisation agenda and advised on the need to work together to address challenges in the sector.
Source: https://energynewsafrica.com
Nigeria: Chinese Firm Caught For Operating Electricity Business Without License, Slapped With Hefty Fine
A Chinese firm in the Republic of Nigeria has been slapped with a hefty fine by the Nigerian Electricity Regulatory Commission (NERC) for operating an electricity generation and distribution company without obtaining a licence.
The firm violated section 62 of the outdated Electric Power Sector Reform Act (EPSRA) 2005, advisorsreports said in a report sighted by this portal.
The report, however, did not provide details of the fine the Chinese firm is expected to pay.
According to section 62 of the repealed Electric Power Sector Reform Act (EPSRA) 2005, “No person except in accordance with a license issued pursuant to this Act shall construct, own or operate an undertaking other than an undertaking specified in subsection 2 of this Section, or in any way engage in the business of electricity generation, excluding captive generation; electricity transmission; system operation; electricity distribution; or trading in electricity.’’
The Chinese firm, CCETC Suk Power Company Limited, has admitted to operating an electricity generation and distribution company without the appropriate licence.
The company had filed a petition to NERC to review an Order to it.
However, during the hearing of the petition, it was uncovered that the company was operating without a licence.
The company pleaded with the Commission to review the fine imposed on it to enable it to continue servicing its residential and industrial consumers.
Musiliu Oseni , NERC Vice Chairman, who chaired the panel urged power sector investors to obtain licenses before they begin operations.
He warned that failure to do so will attract hefty sacntions.
Ghana: Veep Accuses ECG Workers Of Sabotaging Govt’s Digitalisation Agenda…But ECG Workers Say Veep’s Claim Is False
Ghana’s Vice President Dr Mahamudu Bawumia has accused the workers of the power distribution company, Electricity Company of Ghana, of sabotaging the government’s attempt to digitalise the revenue collection of the company.
The Vice President, who was speaking at the Annual General Meeting of Anti-Corruption Agencies in Africa, mentioned that some ECG IT unit employees installed ransomware to stop the company’s IT system from functioning correctly.
He said that the ransomware caused the system to crash and so the National Security had to step in to identify the employees responsible for the damage.
“Every month, they simply maintained it at GH¢450 million. I, thus, indicated that we needed to deploy a team to digitalise the Electricity Company of Ghana’s revenue collection. As a result, we sent a team and started the digitalisation process.
“Can you believe that system employees installed ransomware throughout the entire system to ruin it? And that’s when the system fell apart. In the end, we had to call in National Security to determine that some employees of the IT department were responsible.
“And we located the machine on which the ransomware had been introduced into the network. Restoring the system takes some time. To make this work at all, they demanded a ransom. Is that even possible to imagine?
“So, they were taken into custody. We also digitalised the system, restored it, and said that Ghana would no longer accept cash payments for electricity. You solely use electronic bank transfers and mobile money to make payments. That is presently the situation. Is it not astonishing that monthly receipts have increased to more than one billion cedis from GH¢450 million?” he quizzed.
The comments by the Vice President who is also the presidential candidate of the governing New Patriotic Party (NPP), have not settled well with the staff of the ECG.
A source within the top executives of the ECG workers union told this portal that the comments by the Vice President were not true.
“That is not true. ECG system was attacked before we started the cashless system as a company,” the source said.
It would be recalled that in 2022, some customers of ECG in parts of the Volta Region, Takoradi, Tema, Cape Coast, Kasoa, Winneba, Swedru, Koforidua, Nkawkaw and Tafo were unable to buy electricity credit due to metering system downtime.
The development brought frustrations to electricity users in the affected towns.
The incident happened before the ECG went cashless in 2023.
In March 2023, the managing director of ECG, Samuel Mahama, told the media that some staff of the ECG had been arrested for the meter glitch but failed to give further details.
It is more than a year now and Ghanaians are yet to know the identity of those staff and the type of punishment that has been meted out to them.
Source: https://energynewsafrica.com
Benin Denies Niger Access To Cotonou Port For Oil Shipment To China
The Republic of Benin has denied Niger access to using its Cotonou Port for the first oil shipment to China due to frosty relations between the two West African nations following Niger’s continuous closure of its border with Benin.
Three vessels carrying crude oil from Niger and destined for China arrived in Benin but Benin authorities prevented them from docking at the port.
Niger produces just over 20,000 barrels of oil for domestic use per day and has advanced plans to increase daily production to over 100,000 for export using its neighbour’s ports to reach international markets.
The oil bound for China was part of a $400-million commodity-backed loan from China National Petroleum Corp, which Niger’s military junta agreed to at a seven per cent interest rate and repayment in oil for 12 months.
CNPC has invested some $4.6 billion in Niger’s oil industry, including the construction of a 1,200-mile pipeline transporting crude oil from Niger to Benin.
The pipeline was set to begin shipping 90,000 bpd in May and up to 110,000 bpd at full capacity.
Speaking about the effects of Niger’s ‘unfriendly posture’ on the economy of Benin, President Patrice Talon declared that the Contonou port would not be opened to Niger oil export unless the junta in Niamey ends the border blockade.
“If you want to load your oil in our waters, you can’t view Benin as an enemy and at the same time expect your oil to cross our territory,” Benin’s President, Patrice Talon, said in a statement.
“We’re open to working with Niger. They’re the ones that refused to allow trucks to cross.
“Benin is not an enemy country and if tomorrow the Nigerien authorities decide to collaborate with Benin formally, the boats will be loaded,” he added.
The authorities in Niamey are yet to respond to Benin’s posture.
Source: https://energynewsafrica.com
Ghana: Star Oil Lauds GOIL’s Decision To Sell Ron 91 Gasoline
Star Oil Ghana, the second leading indigenous oil marketing company in the Republic of Ghana, has commended GOIL, the leading OMC, for introducing Super XP Ron 91 to give customers affordable fuel options.
In a post on Facebook and sighted by energynewsafrica.com, Star Oil said it has always promoted Ron 91 as the recommended gasoline (petrol) for the majority of vehicles in Ghana, in both its economy and performance ‘and we are excited that GOIL has finally decided to provide this option at its stations across the country,” Star Oil’s Facebook post read.
Star Oil described GOIL’s decision as a worthy move that would help many Ghanaians avoid spending more on any grade of fuel without extra benefits.
“Good move, Team GOIL. Congratulations once again,” the post concluded.
It would be recalled that on Saturday, May 5, this year, GOIL announced the introduction of Super XP Ron 91 across its 400 stations in the West African nation.
A litre of Super XP Ron 91 is being sold at Gh¢14.40, a bit lower compared to the same product being sold by GOIL’s competitors.
With the introduction of the Super XP Ron 91, which is one of the high-quality and affordable fuel commodities, GOIL has now offered three products at its service stations, namely Super XP Ron 91, Super XP Ron 95 and Diesel XP.
The Super XP Ron 95 is now a premium fuel and consumers can choose from either Super XP Ron 95 or Ron 91 depending on their income level.
Source: https://energynewsafrica.com
Ghana: Petrol, Diesel Prices Go Up Marginally
The prices of petrol and diesel have gone up marginally at the pumps in the Republic of Ghana.
Petrol now sells between Gh¢13.65 and Gh¢15.22 while diesel is selling between Gh¢13.83 and Gh¢14.69 per litre.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the second pricing window for April, which ended on April 30, 2024, a litre of petrol was sold between Gh¢13.13 and Gh¢14.99 while diesel was sold between Gh14.11 and Gh¢14.70 per litre.
The increment in fuel prices is due to the rising cost of refined products on the international market and exchange rate volatility.
Leading oil marketing company, GOIL Plc, sells petrol at Gh¢14.40 per litre while diesel is sold at Gh¢14.65 per litre.
Star Oil is selling petrol at Gh¢13.99 per litre while diesel is selling at Gh¢13.97 per litre.
Shell sells both petrol and diesel at Gh¢14.69 per litre.
TotalEnergies, one of the market leaders, is selling both petrol and diesel at Gh¢14.65 per litre.
Petrosol Ghana Limited, one of the top ten OMCs, has also adjusted its pump prices and is selling petrol at Gh¢14.39 per litre while diesel is sold at Gh¢14.59 per litre.
Zen is selling petrol at Gh¢13.73 per litre while diesel is selling at Gh¢13.96 per litre.
Engen Ghana is selling both petrol and diesel at Gh¢14.55 per litre.
Allied Oil is selling petrol at Gh¢13. 65 per litre while diesel is sold at Gh¢13.83 per litre.
Pacific Oil is selling petrol at Gh¢13.98 per litre while diesel was sold at Gh¢14.28 per litre.
Dukes is selling petrol at Gh¢13.65 per litre while is selling diesel at Gh¢13.80 per litre.
Cash Oil is selling both petrol and diesel at Gh¢13.75 per litre.
Lucky Oil is selling petrol at Gh¢13.96 and diesel at Gh¢13.93 per litre.
Alinco is selling both petrol and diesel at Gh¢13.69 per litre.
Data from the regulator, the National Petroleum Authority (NPA), showed that the prices of finished products—diesel and petrol—witnessed some changes.
While the price of petrol jumped on the international market, diesel, on the other hand, saw a reduction in price within two weeks.
Petrol went up to US$942.30 per metric tonne while diesel went down to US$792.02 per metric tonne.
Source: https://energynewsafrica.com
Sudan: We’ve Exploited Only 20% Of Our Oil Reserves –Energy Minister
Sudanese Minister for Energy and Oil, Dr. Mohi-Eddin Naeem has disclosed that Sudan has only exploited 20 percent of its known oil and gas reserves fields in the Red Sea.
According to him, the country has converted power stations to take greater advantage of the gas for electricity generation.
The minister pointed to the government’s efforts to maximize oil and gas production to meet the growing demand.
Minister Dr. Mohi-Eddin Naeem who was speaking at the Special Meeting of the just ended World Economic Forum on Global Cooperation, Growth and Energy for Development, in Riyadh, Saudi Arabia, explained that the merger of the Ministries of Energy and Minerals aims to benefit from gold resources in the country.
Dr. Naeem stated that Sudan meets 40 percent of its energy needs, and has initiatives in the field of solar, thermal, and wind energy to generate electricity, in addition to possession of a large oil reserve in the north.
He revealed that Sudan faces a challenge in cooperating with old or new players everywhere, adding that Sudan has no political problems with any country.
Source: https://energynewsafrica.com