LATEST ARTICLES

Ghana’s Refined Petroleum Imports Fall 12.67% As Domestic Output Rises

Ghana’s refined petroleum product imports fell 12.67% in the first half of 2026 as domestic production increased, according to a report by the Chamber of Oil Marketing Companies (COMAC). Total imports declined to 2.79 million metric tonnes from 3.20 million tonnes a year earlier, a reduction of 405,148 tonnes, COMAC’s half-year industry report said, citing data from the National Petroleum Authority (NPA). Ghana sources refined petroleum products from countries including the Netherlands, Belgium, the United Arab Emirates, Nigeria and Togo. Total import volumes were lower in every month of the period, with February recording the largest decline. Gasoil, or diesel, remained the largest imported product at about 48.6% of total imports. Gasoline, or petrol, imports totalled 1.11 million tonnes, accounting for 39.9%. Together, the two products represented approximately 88.5% of refined petroleum imports. Liquefied petroleum gas (LPG) imports reached 167,127 tonnes, while aviation turbine kerosene and fuel oil imports totalled 122,695 tonnes and 31,447 tonnes, respectively. The report attributed the decline in imports to increased domestic refinery output. Domestic production rose 350.7% to 719,414 tonnes in the first half of 2026 from 159,627 tonnes a year earlier. Output also increased 5.5% in the second quarter compared with the first. Sentuo Oil Refinery drove the increase, producing 656,471 tonnes, or 91.3% of total domestic output, according to the report. Ghana Gas Company Limited produced 37,455 tonnes, while Platon and Akwaaba contributed smaller volumes. Gasoil and gasoline production reached 326,684 tonnes and 236,654 tonnes, respectively, together accounting for 78.3% of total output. Production of aviation turbine fuel, residual fuel oil and condensate also increased. LPG output, however, fell 54% to 23,516 tonnes from 51,143 tonnes, with no production recorded in the second quarter. The report said increased local refining was helping reduce dependence on imported gasoline and gasoil, although production remained heavily concentrated at Sentuo. Ghana’s petroleum product exports more than doubled to 561,924 tonnes in the first half of 2026 from 276,413 tonnes a year earlier, an increase of 103.3%. The country exports petroleum products to regional markets, including Burkina Faso, Mali and Niger. The second quarter accounted for 54.7% of half-year exports, compared with 45.3% in the first quarter. Gasoil was the leading export product at 267,869 tonnes, followed by gasoline at 183,529 tonnes. Together, they accounted for 80.3% of total exports.

Ghana: COMAC, CBOD Agree To Strengthen Dialogue On Downstream Petroleum Issues

The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have agreed to strengthen consultation and collaboration on issues affecting Ghana’s downstream petroleum sector.

The agreement followed a meeting between the two industry associations, COMAC said in a Facebook post on Wednesday.

The discussions reaffirmed the importance of transparency and regular dialogue, with both associations agreeing to keep each other informed of their positions on significant industry matters.

“The Chambers agreed that, given their shared interest in the development of the downstream petroleum sector, it is important for each institution to be adequately informed of the other’s position on significant industry matters,” COMAC said.

Both associations also agreed to consult each other before taking positions on major issues, particularly those with wider implications for the sector.

They agreed to meet quarterly or every six months to discuss emerging developments, exchange views and identify opportunities for joint action.

Research, policy engagement and regulatory compliance were identified as key areas for collaboration.

The meeting also addressed challenges facing the sector, with both associations discussing possible solutions and agreeing on next steps.

Nigeria Launches 2026 Licensing Round, Offers 40 Oil And Gas Blocks

Nigeria has launched its 2026 oil and gas licensing round, offering 40 blocks to investors, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Tuesday. The commission’s chief executive, Oritsemeyiwa Eyesan, announced the round at its fifth anniversary ceremony in Abuja on October 6, following approval by President Bola Tinubu. “The round offers 40 blocks across land, shallow water and deep water terrains. They are open to investors with the technical competence, the financial capacity and, above all, the commitment to develop Nigeria’s petroleum resources,” Eyesan said. She said the commission would publish details of the blocks, qualification requirements and participation procedures on its website and a dedicated licensing portal in the coming days. Following recommendations from the Nigeria Extractive Industries Transparency Initiative (NEITI), the guidelines would set out the evaluation methodology in full, provide for more comprehensive publication of results and require all bidders to disclose their beneficial owners, she added. “So, I invite qualified Nigerian and international investors to come and compete. Bring your best ideas, your best partners and your best bids. May the best bids win,” she said. Speaking at the ceremony, themed “From Uncertainty to Stability: Unlocking the Next Phase of Investment”, Eyesan said the Petroleum Industry Act (PIA) and executive orders issued by Tinubu had improved transparency and predictability in the upstream sector over the past five years. She said the commission would prioritise regular licensing rounds, the restoration of shut-in production, progress on offshore investments and increased domestic gas supply. “Our licensing will be regular and predictable. Our focus will be on what moves the numbers: restoring the more than 788,000 barrels per day of shut-in production identified across 63 operators; taking offshore projects valued at an estimated $30 billion to $50 billion to final investment decision; and raising domestic gas delivery from about two-thirds of the domestic obligation to full delivery,” she said. The commission honoured former directors of the defunct Department of Petroleum Resources, its founding leadership and former National Assembly leaders who played key roles in the passage of the PIA, including former Senate President Ahmad Lawan and former House of Representatives Speaker Femi Gbajabiamila. It also unveiled a special edition of its in-house magazine, “The Upstream Gaze”, and a documentary covering its first five years. Vice President Kashim Shettima represented Tinubu at the event, while Nigeria’s OPEC governor, Ademola Adeyemi-Bero, delivered a lecture. Other attendees included Senate Committee on Gas Chairman Agom Jarigbe, Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, Nigerian National Petroleum Company Group Chief Executive Bayo Bashir Ojulari, government agency heads and industry executives.  

Ghana: Petroleum Consumption Rises 12.24% In First Half Of 2026, LPG Demand Up 16.93%

Ghana’s consumption of petroleum products rose 12.24% to 4.06 billion litres in the first half of 2026, while liquefied petroleum gas (LPG) demand increased 16.93%, according to the Chamber of Oil Marketing Companies (COMAC). The figures, contained in COMAC’s Analysis of Petroleum Product Volumes, H1 2026 report, show significant differences in LPG consumption across the country’s 16 regions. Greater Accra remained the largest regional LPG market, with consumption increasing 5.85% to 53.49 million litres from 50.53 million litres a year earlier. The Northern Region recorded a 210% increase in LPG consumption to 9.96 million litres in the first half of 2026, from 3.21 million litres in the same period of 2025 litres. National petrol and diesel consumption increased 13.11% and 17.11%, respectively. Together, the two products accounted for more than 80% of total petroleum consumption. Regional LPG trends The Western Region recorded a 41.23% increase in LPG consumption to 19.89 million kilograms, from 14.08 million kilograms in the first half of 2025. Consumption in the Eastern Region increased 20.79% to 13.85 million kilograms from 11.47 million litres. In the Central Region, consumption rose 27.52% to 16.62 million kilograms from 13.04 million litres. LPG consumption in the Volta Region rose 12.69% to 13.29 million kilograms from 11.80 million litres. The Upper West Region recorded a modest increase to 11.32 million kilograms from 10.82 million kilograms, while Bono East’s consumption edged up to 6.24 million kilograms from 6.17 million litres. Declines in some regions LPG consumption in the Bono Region fell 32.51% to 5.48 million kilograms from 8.11 million litres. The Upper East Region recorded a 6.40% decline to 5.12 million kilograms from 5.47 million litres. In the Oti Region, consumption dropped 23.05% to 1.16 million litres from 1.51 million litres. Growth in smaller markets Several regions recorded sharp increases from relatively low starting volumes. LPG consumption in the Savannah Region rose 76.41% to 708,390 kilograms from 401,570 litres in the first half of 2025. Consumption in the Western North Region increased to 4.21 million kilograms from 2.11 million litres, while Ahafo’s consumption rose to 3.9 million litres from 3.70 million litres. In the North East Region, consumption increased to 564,350 kilograms from 348,900 litres Despite their strong growth, these smaller markets continued to consume substantially less LPG than Greater Accra and Ashanti. Prices and supply Demand increased despite higher fuel prices during the six-month period. Average pump prices rose above their January levels by 19.9% for petrol, 29.4% for diesel and 22.9% for LPG, COMAC said. Ghana imported 3.43 billion litres of petroleum products during the period, down 12.67%, while domestic production increased 350.7% to 878.33 million litres, driven mainly by Sentuo Oil Refinery. LPG stocks remained relatively tight, with available supplies equivalent to about 3.1 weeks of consumption, according to the report.

Tanzania: EWURA Raises Fuel Price Caps As Middle East Conflict Drives Up Import Costs

Tanzania’s energy regulator has raised fuel price caps for October, citing higher international refined petroleum product prices following renewed conflict in the Middle East. The new prices will take effect at 12:01 a.m. on Wednesday, October 7, the Energy and Water Utilities Regulatory Authority (EWURA) said in a public notice. In Dar es Salaam, the retail price cap for petrol has been set at 4,057 Tanzanian shillings per litre, diesel at 4,086 shillings and kerosene at 4,067 shillings. In Tanga, petrol will be capped at 4,123 shillings per litre, diesel at 4,152 shillings and kerosene at 4,133 shillings. The corresponding caps in Mtwara are 4,170 shillings, 4,199 shillings and 4,180 shillings. EWURA said renewed conflict in the Middle East in September had disrupted global oil production, availability and transportation, driving up refined product prices. Tanzania purchases a large proportion of its petroleum products from the region, the regulator said. Higher international prices have pushed the October price caps for petrol, diesel and kerosene above September levels. The notice did not provide the previous month’s prices or percentage increases. The government continues to monitor the global oil market and take measures to maintain fuel supplies at affordable prices, EWURA said. The regulator warned that traders who breach the prescribed pricing limits would face legal action. Oil companies may compete on price, provided they remain within the applicable price caps and floor prices. EWURA also directed filling stations to display prices clearly and issue receipts showing the station’s name, purchase date, fuel type and price per litre.  

Libya: Oil Production Exceeds 1.4 Million Barrels A Day, Highest Since 2013, NOC Says

Libya’s oil production has exceeded 1.4 million barrels per day this year, its highest level since 2013, National Oil Corporation (NOC) Chairman Musa’ud Sulaiman said. Sulaiman attributed the increase to the rehabilitation of idle fields, drilling of new development wells, completion of projects, routine well maintenance and infrastructure upgrades. He was speaking at the opening of the NOVA 2026 conference and exhibition in Benghazi.
Musa’ud Sulaiman, Libya’s NOC Chairman.
The event, running from October 5 to 7, focuses on exploration, development and digital transformation. Libya, an OPEC member since 1962, has Africa’s largest proven oil reserves, Sulaiman said. He highlighted exploration opportunities in the country’s sedimentary basins, particularly the Sirte Basin, and its strategic location on the Mediterranean Sea. “Libya has promising oil potential, as it has the largest proven oil reserves in the African continent, in addition to the exploratory potential of the Libyan sedimentary basins, particularly the Sirte Basin, and the strategic location of Libya on the Mediterranean Sea,” he said. Sulaiman said NOC remained committed to its short-, medium- and long-term oil and gas targets. Its priorities include diversifying energy sources, reducing gas flaring, developing natural gas transport infrastructure and encouraging international companies to resume operations in Libyan oilfields. He said the conference provided a platform for NOC and its international partners to exchange expertise and explore opportunities for cooperation. The NOC-sponsored event brought together oil company executives, industry experts and other participants.

Ghana: GNPC Shares Petroleum Sector Experience With Eswatini’s National Oil Company Delegation

Ghana National Petroleum Corporation (GNPC) has shared its petroleum sector experience with a three-member delegation from the Eswatini National Petroleum Company (ENPC), which is visiting Ghana to learn from the country’s industry and explore opportunities for cooperation. The delegation is led by ENPC board member Dumezweni Dlamini and includes Chief Executive Nontombi Motsa and General Manager for Strategy and Communications Musa Shongwe. The delegation is meeting GNPC, the Petroleum Commission and other institutions across Ghana’s petroleum value chain to learn about the country’s institutional, technical and commercial experience. Motsa said ENPC wanted to understand how Ghana’s petroleum sector had evolved and identify areas for collaboration. As Eswatini develops its petroleum sector and institutional capacity, she said, it could draw lessons from an African national oil company with relevant experience. GNPC Chief Executive Kwame Ntow Amoah outlined the corporation’s development over four decades and key milestones in Ghana’s petroleum industry. He explained that the Ministry of Energy and Green Transition provides policy direction, the Petroleum Commission regulates the upstream sector, and GNPC represents the state’s commercial interests and participates in petroleum operations. Amoah said GNPC had performed broader sector functions in its early years, with those responsibilities changing as the industry matured. He also outlined GNPC’s participation in upstream operations, its mandate as the national gas aggregator and its use of subsidiaries to develop expertise and expand its commercial activities. GNPC’s strategy was to build a more integrated organisation, drawing on its expertise and commercial interests across upstream, midstream and downstream operations, he said. Amoah identified sustaining output, reversing production declines and advancing exploration as key priorities. He said growing interest from major international energy companies pointed to renewed prospects for exploration and investment in Ghana. Hamis Ussif, GNPC’s deputy chief executive for finance, commercial and administration, encouraged ENPC to develop an institutional structure suited to the current stage of Eswatini’s petroleum industry. He stressed the need to establish institutional foundations before significant exploration and production activities begin. He also highlighted the growing role of natural gas in GNPC’s business, particularly in supplying power plants and industry. Michael Aryeetey, deputy chief executive for exploration and production, said technical, commercial and institutional expertise should be developed alongside a strong local content framework and appropriate laws and regulations. He said GNPC was ready to share its experience and provide technical assistance as ENPC develops its capabilities. The engagement included a presentation on GNPC’s mandate, assets, organisational structure and medium- to long-term strategy. Dlamini said the visit offered an opportunity to learn from African expertise and identify practices that could be adapted to Eswatini’s circumstances while strengthening ties between the two companies.

Algeria: Sonatrach, Thailand’s PTTEP Sign Agreement To Explore Oil and Gas Opportunities

Algeria’s state-controlled energy company Sonatrach and Thailand’s PTT Exploration and Production (PTTEP) signed a memorandum of understanding (MoU) on Monday to explore joint investment opportunities in oil and gas exploration and production in Algeria and abroad, Sonatrach said. The agreement also covers skills development, local content, innovation, the energy transition and new technologies. The signing took place on the sidelines of the North Africa Petroleum Exhibition and Conference (NAPEC 2026) in Oran, Algeria. Sonatrach said the agreement was signed by its chairman and chief executive, Nour Eddine Daoudi, and Mrs. Kanita Thanita Sartwattayu , Chairperson & Chief Executive Officer of PPTEP. The agreement seeks to expand the companies’ existing partnership and identify opportunities across the oil and gas value chain. PTTEP has operated in Algeria since 2002, participating in oil and gas exploration and development projects with Sonatrach.

Nigeria’s CNG Vehicle Fleet Grows To 120,000 As Government Targets 1 Million By 2030

The number of vehicles running on compressed natural gas (CNG) in Nigeria has risen to 120,000 from 11,000 in 2023, Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo said on Monday. Speaking at a media briefing in Abuja, Ekpo said the country aimed to increase the number to about 1 million by 2030 and establish up to 1,000 CNG refuelling stations nationwide. Meeting the vehicle target would require an additional 880,000 CNG-powered vehicles over the next four years. Outlining developments since taking office in 2023, Ekpo said utilisation of the country’s liquefied natural gas (LNG) capacity had increased to about 87% so far in 2026 from 59% in 2023. He said about 185 billion naira had been approved to settle verified legacy gas debts owed to upstream producers. Nigeria is also seeking to expand access to liquefied petroleum gas (LPG) to 5 million households by 2030, he said. Contracts have been awarded to 42 companies to commercialise gas that would otherwise be flared, as part of efforts to end routine gas flaring by 2030. Ekpo said Nigeria’s role in the 2026 Gas Exporting Countries Forum ministerial meeting and its admission as an association country of the International Energy Agency reflected its growing influence in the global gas sector. “Our focus remains clear: raise gas production to 10 billion cubic feet per day in the near term and 12 billion cubic feet per day (BCF/D) by 2030, strengthen gas supply to power, expand domestic utilisation and ensure our gas resources deliver jobs, industrial growth, energy security and prosperity for Nigerians,” he said. Nigeria’s gas reserves had increased to 215.19 trillion cubic feet from 208.83 trillion cubic feet in 2023, Ekpo said. Average gas production had also risen to about 7.5 billion cubic feet per day from 6.86 billion, while domestic supply had exceeded 2 billion cubic feet per day. Four major gas projects had reached final investment decisions, representing investment commitments of about $3.5 billion, he said. Ekpo said the Midstream and Downstream Gas Infrastructure Fund had used 671 billion naira in public funding to attract about 1.6 trillion naira in private investment across 31 projects and 205 infrastructure assets. The OB3 pipeline was fully complete, with pre-commissioning concluded, while the Ajaokuta-Kaduna-Kano pipeline was about 95% complete, he added.

Gambia Receives Two Generators From China To Ease Power Shortages

0
The Gambia took delivery of two generators from China with a combined capacity of 21 megawatts on Monday as it seeks to ease prolonged power shortages that have sparked protests. The West African nation has experienced extended blackouts since June, particularly in the Greater Banjul area, disrupting communities and prompting residents to take to the streets. The generators, each with a capacity of 10.5 megawatts, arrived at the port of Banjul after being purchased from China. Vice President Muhammed Jallow received the equipment on behalf of President Adama Barrow, who is on his annual Meet the People Tour. Jallow described the generators as a short-term intervention, saying the government was also pursuing medium- and long-term measures to address the country’s electricity problems. “The government wants to install the capacity, and part of the medium and long-term plan is to make sure that the issue of electricity is permanently fixed,” he said. The generators are expected to increase the country’s installed generation capacity and ease electricity shortages. Their arrival follows Barrow’s pledge to resolve the electricity crisis by the end of October. Government officials had said meeting that deadline depended partly on the arrival of additional generating capacity. Jallow said electricity supply had already stabilised, but the government wanted to expand generation capacity further to reduce the risk of another crisis. He also reiterated Barrow’s pledge to achieve universal access to electricity by the end of 2026, extending power to every community in the country. Development partners, including the Chinese government, had pledged support for that goal, he said. Gallo Saidy, managing director of the National Water and Electricity Company (NAWEC), said the generators would be installed and commissioned by the end of October. “The machines have never been used; the only thing they need is to be installed,” he said

Ghana: Oil Marketing Companies Hold Pump Prices Steady Despite Projected Increases

Oil marketing companies (OMCs) in Ghana have kept pump prices unchanged for the first pricing window of October, despite projected increases in petrol, diesel and liquefied petroleum gas (LPG) prices due to rising international petroleum product costs.   The Chamber of Oil Marketing Companies (COMAC) had projected that petrol prices would rise by between 2.12% and 3.31%, diesel by between 3.32% and 5.60%, and LPG by between 1.90% and 2.25%.   The forecasts reflected a 19.42% increase in international crude oil prices, alongside rises of 6.91% for diesel, 2.43% for petrol and 8.55% for LPG, according to the chamber. LPG recorded the largest increase among the refined products cited.   However, the chief executives of GOIL PLC and Star Oil Ghana, two leading fuel retailers, said in Facebook posts on Friday that their companies would maintain petrol and diesel prices for the first pricing window of October.   Neither explained the reason for the decision.   Speaking on Accra-based TV3 on Saturday, National Petroleum Authority (NPA) Chief Executive Godwin Edudzi Tameklo said the government, through the finance minister, had suspended the GH¢1-per-litre Energy Sector Levy on diesel for the whole of October.   He said the measure was intended to cushion consumers against rising free-on-board (FOB) prices of petroleum products.   Tema Oil Refinery and Sentuo Oil Refinery had also agreed to hold their FOB prices at levels applied during the second pricing window of September, he added.   FOB prices exclude shipping costs to the destination.   Tameklo said the decision followed instructions from the energy minister and a meeting with industry representatives, including GOIL Group Chief Executive Edward Abambire Bawa, the chairman of Sentuo Oil Refinery and representatives of the Chamber of Bulk Oil Distributors (CBOD).   The participants agreed to help keep prices stable for consumers, he said.   “Diesel alone does about 250 million litres every month. That’s GH¢250 million for just the GH¢1 levy alone. If we are doing GH¢2, that’s over GH¢480 million just on diesel. And we sustained this for almost three months,” he said.   Tameklo said the policy debate centred on whether to pass on the full cost of fuel increases and provide targeted support for public transport, or cushion all petroleum consumers because of the downstream sector’s importance to the economy.   “Your cell sites will not work, aggregation will not work, you can’t even move anything in this country,” he said.   He described the president’s intervention as a costly decision intended to ease hardship and prevent protests and fuel queues of the kind he said had occurred in Sierra Leone, Pakistan and India.   Tameklo thanked Star Oil Ghana and GOIL PLC and bulk distributors for agreeing to maintain prices and apologised to COMAC for not fully involving the chamber before the decision was taken.   “I take full responsibility for that omission. Necessity knows no law. We felt it was ideal to mitigate the impact of rising petroleum prices to make life easier for our people,” he said.  

Ghana: Sahara Group Opens 6,000-Tonne LPG Depot In Tema

Sahara Group has opened a multimillion-dollar liquefied petroleum gas (LPG) depot in Ghana’s Tema industrial area, adding 6,000 metric tonnes to the country’s storage capacity. The energy company, which operates in Africa, Europe and the Middle East, said the facility would improve LPG availability and supply chain efficiency in Ghana and neighbouring West African nations. The Asharami Ghana Facility Manager Mr. Abayome Oyenuga said it comprises two mounded, propane-rated tanks with a capacity of 3,000 tonnes each, equivalent to a combined storage volume of approximately 12,000 cubic metres of LPG. The terminal has six loading bays, seven product pumps — six main pumps and one standby — and an LPG liquid compressor. It also has a dedicated 12-inch pipeline stretching 3.5 kilometres for transferring LPG. “We have invested heavily in the terminal automation system for this facility. Right from product receipt to dispatch, it is fully automated,” he said. The terminal will operate around the clock in support of the government’s 24-Hour Economy policy, he added. The facility’s automated fire protection and emergency response systems include two water storage tanks with a capacity of 1,700 cubic metres each, multiple emergency shutdown systems, and fire and gas detection systems. It also has three diesel-driven fire pumps supported by jockey pumps to maintain pressure. “We equally have an advanced preventive maintenance and inspection system in place,” he said. The manager said the terminal aimed to strengthen Ghana’s LPG storage infrastructure and ensure reliable supplies with support from Asharami Ghana. It would also serve industrial and commercial customers and create opportunities for local employment and skills development, while maintaining safety standards and operational reliability, he added. Sahara Group Executive Director Adewale Ajibade said the depot marked the company’s first investment in LPG and praised the Ghanaian government for creating conditions conducive to investment. He thanked Energy and Green Transition Minister John Abdulai Jinapor, the chief executive of the National Petroleum Authority and other stakeholders for their support in bringing the project to completion. Ajibade also commended the contractors involved in the project.

Ghana: NPA Chief Pledges To Address Tanker Drivers’ Working Conditions

Ghana’s National Petroleum Authority (NPA) chief executive, Godwin Kudzo Tameklo, has pledged to address concerns over tanker drivers’ working conditions and welfare following a series of strikes that have since been suspended. Tameklo gave the assurance during an emergency meeting with members of the Ghana National Petroleum Tankers Drivers Union (GNPTDU) at the NPA’s headquarters in Accra on Wednesday. The drivers’ grievances include the poor condition of the Tema Oil Refinery–Kpone Road, the deteriorating state of the BOST parking yard, oil loss control and allowances for drivers working long hours on rough roads. Tameklo said the authority would work with relevant institutions to resolve the issues, adding that the Ghana Standards Authority had been brought in to provide an independent assessment of the oil loss concerns. “We are doing all we can to get BOST to agree on these reforms because thankfully when this issue came up, we got a neutral person, which is the Ghana Standards Authority, to stand on the matter and give an unbiased report,” he said. “Let me assure you that the Authority will do everything possible to get to the bottom of this issue, because it is an industry old matter, so it is something that we will take up to look at how to resolve it.” On the TOR–Kpone Road, Tameklo said he was pushing for its inclusion in the government’s “Big Push” programme. He said options discussed for repairing the road included contributions from companies operating in the area and funding through the programme. “I want to assure you that, I am pushing strongly for the road to be placed under the ‘Big Push’ project, it is of major concern to us, because we have done so much in the downstream industry but this road deducts our mark,” he said. The union’s national chairman, George Nyaunu, apologised for failing to notify the NPA before the strike and thanked the regulator for meeting the drivers. “We want to apologise for not informing you ahead of time of our intended strike because we knew if we had told you, you’ll convince us not to go ahead with it,” Nyaunu said. “There was no mention of NPA, we only wanted to let our concerns be heard.” He expressed hope that the discussions would lead to solutions. “We want to thank you for offering a listening ear to all our issues and hopefully solutions can be found to these matters.”

Iran’s Oil Minister Resigns For Personal Reasons

Iran’s Oil Minister Mohsen Paknejad has resigned for personal reasons, state news agency IRNA reported on Sunday, citing Mehdi Tabatabaei, communications deputy in the president’s office.

Paknejad, who had served as oil minister of the OPEC member since August 2024, stepped down as the seven-month-old war between Iran and the United States put pressure on the country’s economy.

Tabatabaei told state television that Paknejad had submitted his resignation “a long time ago” and that President Masoud Pezeshkian had accepted it at the minister’s insistence.

Hamid Bovard, chief executive of the state-owned National Iranian Oil Company, has been appointed acting oil minister, Tabatabaei said.

Before news of his resignation, state media quoted Paknejad as saying that “revenues of the oil that we have sold are still coming and that will continue God willing”.