October 4, 2021. in Editorial/Features. 2.0.1 Contact Details. [Essandoh-Yeddu, 2010] As there is only a very limited number of jobs in the highly technical upstream production of oil (approximately 300 at Jubilee), it is of enormous importance to create a strong mid- and downstream oil industry. The National Petroleum Authority was established by an Act of Parliament (NPA Act 2005, ACT 691) to regulate the petroleum downstream industry in Ghana. Addressing captains of industry in the oil and gas industry, Boakye Agyarko says the establishment of a petroleum hub in the next decade will complement the policy direction by the government to have a new growth pole in the oil and gas sector. Lemla Oil Ghana Ltd is a limited liability company registered under the laws of the Republic of Ghana with its registered address at No 10, Augostino Road, Airport Residential Area- Accra. Star Oil Company Limited. Between 1896 and 1957, twenty-one (21) shallow exploration wildcats were drilled. Ghana, however, has not faced a strong downturn. We are committed to working with all our stakeholders to ensure the equitable sustainable development of the oil and gas resource. Development and demand for energy resources go hand in hand. A new dawn has emerged in Ghana's petroleum downstream industry as more Oil Ghanaian owned Marketing Companies (OMCs) have ditched the 18-year old AOMCs to join the newly incorporated . The government of Ghana has lamented that illicit activities in the downstream petroleum sector is weighing heavily on the country's economy, and that the country loses over $200million annually in tax revenue. Prime Meridian Docks Ghana Limited. 0 BDCs 0 OMCs 0 LPGMCs The mining industry consumed about 235.4 million litres of diesel in 2015 and 235 million litres in 2014. Recounting Ghana's experience on . The NPA boss pledged Ghana's willingness to assist Sierra Leone to develop its petroleum downstream industry. Ghana began crude oil production in 2010, more than 50 years after Nigeria started commercial production of the commodity. Our website is designed to provide adequate . Last week, chieftains of the downstream oil and gas industry, the National Petroleum Authority, led by its new . Upstream, midstream and downstream. This was due to the presence of onshore oil and gas seepages found by early explorers in that area. Among the recommendations include the payment of BDC debt by government and OMCs to create enough fiscal space to enhance their operations. Tullow Ghana Limited. Engen Ghana markets and sells petroleum products at its 26 filling stations located across the country. CBOD serves as the advocacy, lobby and representative body of Bulk Import, Distribution and Export Companies (BIDECs), Storage Depots and other affiliated Petroleum Service Providers (PSPs) in the downstream petroleum industry. Steady Growth in Ghana's Petroleum Industry Lower international oil prices in recent years have caused slowdowns in petroleum industries across the globe. Within a period of ten months, the monitoring service being provided by a private revenue assurance firm; Strategic . Petroleum (Exploration and Production Law), 2016 Act 919 This law provides the framework for the management of oil and gas exploration, development and production in Ghana. Vice President, Dr Mahamudu Bawumia, told Ghanaian Times that the illicit activities, which comes in the form of illegal bunkering . This paper reviews the operations of the oil downstream sector in Ghana by appraising the industry report for 2016. The Company has been licenced to operate in the midstream and downstream of the Petroleum Industry as a Bulk Import, Distribution and Export Company by the . . The NPA Boss pledged Ghana's willingness to assist Sierra Leone to develop its petroleum downstream industry. The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The upstream sector typically covers exploration, production, development and decommissioning activities associated with the find and production of oil and natural gas. The Executive Secretary of Africa Refiners and Distributors Association (ARDA), Mr. Anibor Kragha says Ghana's petroleum downstream regulator; the National Petroleum Authority (NPA) is the best . Regulatory bodies and legislative instruments that cover aspects of safety practices in industry in Ghana are listed in Table 1 (Asamoah, 2011). . Featured companies. October 4, 2021. in Editorial/Features. "The vision of the government of Ghana for the downstream petroleum . Last week, chieftains of the downstream oil and gas industry, the National Petroleum Authority, led by its new chief executive, Dr. Mustapha Hamid, unveiled a major shift in state policy with . Reliance Oil Limited herein after referred to as "The Company" is a private limited Liability company incorporated under the Companies Code, 1963 (Act 179) and is authorized to trade in petroleum products. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The NPA boss pledged Ghana's willingness to assist Sierra Leone to develop its petroleum downstream industry. A local content policy has been drafted for Ghana's petroleum downstream industry. The Petroleum (Local Content and Local Participation) Regulations passed in 2013 regulates local content in the upstream sector. Ghana. At Petroleum Commission, our mandate is to regulate, manage and co-ordinate all activities in the Upstream Petroleum industry for the benefit and welfare of Ghanaians. Poised to be a catalyst for Ghana's economic transformation and growth, the mandate of the NPA, according to the NPA Act 2005 (Act 691), covers a broad spectrum of tasks. There is a need to establish new legislations for the downstream petroleum sector, in order to realise government's vision of making Ghana a hub for refined petroleum products in the West African sub-region, Energy Minister, Boakye Agyarko has advised. It identifies some challenges of the sector and proffer solutions to ameliorate them. Key View. And, the local petroleum production only contributes 5% of this total with importation share of 95%. In 2021, a total of around 4.64 million metric tons of petroleum products were consumed in Ghana, the highest over the observed period. He called for strengthening of Ghanaian companies to ensure that they at the forefront of the petroleum downstream industry to create jobs for the youth. 4.0.1 Contact Address. 2. . The impending indigenization of Ghana's downstream oil and gas industry. However the Ghana Chamber of Bulk Oil Distributors, as at 2019 had a membership of 23 BDCs that collectively account for 95 percent of petroleum supplied to the domestic market. Petroleum sector growth 3 Bayfield Oil Services. The downstream sector is an onshore operation that revolves around refining, distribution, and marketing of petroleum products. "Government is ready to realise the vision of becoming a petroleum hub. GHIPCON 2021 was organized by the Ghana Chamber of Bulk Oil Distributors (CBOD), and the National Petroleum Authority (NPA) in partnership with the Ministry of Energy. Read on to find the list of oil marketing companies in Ghana. "We mainly came to offer assistance to the PRA in order for Sierra Leone to be able to regulate the downstream sector better by crafting out a system that will ensure efficiency" he added. Mining sector Gold production contributed significantly to this growth in the industry. The government of Ghana has lamented that illicit activities in the downstream petroleum sector is weighing heavily on the country's economy, and that the country loses over $200million annually in tax revenue. Ghana Chamber of Bulk Oil Distributors We are the advocacy, lobby and representative body for Bulk Import, Distribution & Export Companies (BIDECs), Storage Depots and other affiliated Petroleum Service Providers (PSPs) in the downstream petroleum industry. Ghana National Gas Company Ltd.. Association of Oil Marketing Companies. This law established the Ghana National Petroleum Corporation (GNPC) as the National Oil Company of the upstream oil and gas industry in Ghana. First oil is expected in 2017, first gas in 2018 and the peak production . Incorporated in 2012 as a limited liability company, N3 Limited is a full-fledged Oil Marketing Company licensed by National Petroleum Authority (NPA) in the year 2020 to engage in the procurement, sale and distribution of petroleum products in the downstream petroleum industry in Ghana. Section 3: Focus on regulatory as well as policy issues arising from the emerging petroleum sector in Ghana. The consumption rate increased by some 10.3 . The industry . A STUDY OF GHANA'S OIL AND GAS INDUSTRY LOCAL (GHANAIAN) CONTENT POLICY PROCESS. The region's refined fuels . 20 Ghana's downstream pe troleum sector included 45 oi l trading companies, . He disclosed among others that Africa suffers acute infrastructure deficit in the petroleum downstream industry. This article focuses on the upstream sector and Ghana's local . The multinationals in a petition to the Energy Minister, Mr Boakye Keremanteng Agyarko . However the Ghana Chamber of Bulk Oil Distributors, as at 2019 had a membership of 23 BDCs that collectively account for 95 percent of petroleum supplied to the domestic market. - Ghana Chamber of Mines Factoid 2015 The amounts paid on the above were about GHS313.10 million and . Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed today with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. Ghana is an up and coming player in the oil and gas industry with operations in the upstream (exploration and production), mid-stream, and downstream sectors. Downstream activities include the marketing and distribution of petroleum products by Oil Marketing Companies (OMCs) and the pre-mixing of petroleum products for other industrial uses. Until the offshore discovery of crude oil in commercial quantities in July 2007,Ghana's oil industry featured more prominently in the downstream sector. The industry contributes significantly to government revenue year in year out. Our current membership comprises 36 BIDECs, 7 Storage Depots and 3 other PSPs.Read MoreWomen Champions in the Energy Sector"I've […] Ghana would benefit from the Sub-Saharan Africa (SSA) region's rising consumption, however, structural constraints remain. Figures. "We mainly came to offer assistance to the PRA in order for Sierra Leone to be able to regulate the downstream sector better by crafting out a system that will ensure efficiency," he added. Presentation Overview This presentation is divided into three distinct sections: Section 1: Historical review of petroleum activities in Ghana. After many years of domination by multinational companies, Ghana's petroleum downstream industry is seeing increasing participation by indigenous and wholly-owned Ghanaian companies. The mining industry in Ghana has seen continued steady growth in strength over the past 4-5 years. We have . Platon Gas Oil. Ghana is Africa's second largest gold producer after South Africa. OMCs operating in Ghana are mainly multinationals; however, the last decade has seen an increase in the establishment of several small and medium-sized local OMCs. In a bid to improve petroleum products trade between Ghana and Burkina Faso, the National Petroleum Authority (NPA) is reviewing the export and transit arrangements with Societe Nationale Burkinabe d'Hydrocarbures (SONABHY). Bayfield Oil services. The marketing of oil in Ghana is a very lucrative business. After the discovery of oil and gas in commercial quantities in 2007, Ghana took steps to ensure a successful oil and gas regime. Before the liberalization process the state=owned Bulk Oil Storage and Transportation Company (BOST) was the only player in the industry. As of 2018, petroleum consumption accounted for about 80% of final energy excluding biomass in Ghana. 3.0.1 Contact Address. 5 Savfuel Petroleum. 4 Angio Company. Recounting Ghana's experience on . The downstream sector covers the refining, storage, internal transportation, marketing and sale of petroleum products. Box Mc 1902 Takoradi Other General Mechanical Components Cranes Testing . The upstream sector concentrates predominately on exploration, drilling, production and transportation of crude oil. This is an industry with plenty of room for growth. there more than 1 million vehicles in Ghana, most of them run their engines on fuel. Muxlin Energy is an upstream and downstream oil and gas service Logistics Company with the vision to deliver excellent service and become a leading service company with an impeccable record of excellence and efficiency in the oil and gas industry to the international oil companies (IOC's) in Ghana and West Africa as a whole. . THE PLACE OF PETROLEUM IN MINING Petroleum products, particularly gasoil (diesel fuel) is a key resource required for mining operations. Eglynk Company Limited Info Email Web Phone Accra P O Box 9111 Airport Accra Other Petrochemical Related Products Management Consulting Bearings Petrochemical Products Consulting. Addressing editors of media houses in Accra, they announced that going forward, the importation of refined petroleum […] As Ghana's economy develops, the supply of energy resources has become a bottleneck.Hydropower . Ghana Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Ghana. The first commercial production however began in December 2010. Petroleum Income Tax Act 1987 . Among others, it is to . The Chamber of Bulk Oil Distributors (CBOD) has been operational since 2012 but was formally incorporated in January 2014. The Ghana downstream petroleum industry boasts over one million metric tonnes' worth of state-of-the-art storage infrastructure. GHIPCON 2021 was organized by the Ghana Chamber of Bulk Oil Distributors (CBOD) and the National Petroleum Authority (NPA) in partnership . Currently, indigenous companies control 70 per cent market share of petroleum products marketed and distributed, up from under 28 per cent in 2001. THE DOWNSTREAM SECTOR of the petroleum industry is a part of the industry that is responsible for final processing, product distribution and marketing. We plan to ensure a very efficient and well-managed downstream petroleum industry, and we want to increase the industry's share of Ghana's GDP. The Petroleum Commission is responsible for registering and issuing permits to firms active in the upstream petroleum industry. As a Regulator, the Authority ensures that the industry remains efficient, profitable, fair, and at the same time, ensuring that consumers receive value for money. Two new oil and gas projects have come onstream since production started at the Jubilee field in 2010, with current production levels at The Act Ghana's Petroleum Hub Development Project is highly ambitious given the substantial investment required and the country's limited projected growth in domestic refined fuels demand. Generally, the petroleum industry is divided into three major sectors. It also functions as an industry research and strategy unit committed to enhancing the . The report provides details such as name, type, operational status and operator for all active and planned (new . The Ghana National Petroleum Corporation Law, 1983 (PNDCL 64), sets up the GNPC, which is . The Refineries are licensed to refine crude oil into finished products for sale to the Bulk Distribution Companies (BDCs). We are a limited liability company incorporated under the Companies Code 1963 (ACT 179) and duly licensed by the National Petroleum Authority (NPA) as a fully-fledged Oil Marketing Company (OMC) primarily to engage in the procurement, storage, distribution and sale of petroleum products in the downstream petroleum industry in Ghana. 0. These challenges, he noted, can be minimized with the . Among the areas being looked at are; Local Ownership Local Procurement Local Employment CAPACITY BUILDING FOR PETROLEUM DOWNSTREAM SECTOR The CBOD serves as the advocacy, lobby and representative body of the downstream petroleum industry. Before the liberalization process the state=owned Bulk Oil Storage and Transportation Company (BOST) was the only player in the industry. Rhi Energy Services Ltd Info Email Web Phone Sekondi-Takoradi p.o. In light of Ghana's budding upstream opportunities, Government has encouraged investment in Ghana's downstream petroleum industry. Four major multinational Oil Marketing Companies Engen Ghana Limited, Total Petroleum Ghana Limited, Vivo Energy Ghana Limited; and Puma Energy Distribution have jointly expressed reservations about the draft local content policy for the downstream sector. The Ghana Chamber of Bulk Oil Distributors (CBOD) has sworn into office an 11-member board to steer the affairs of the body over the next three years. The Cabinet last Thursday approved a policy on a local content and participation in the country's downstream petroleum industry, the Minister of Information, Mr Kojo Oppong Nkrumah, has announced. Downstream competition in Ghana Ghana August 29, 2018 Henry Akwaboah, the managing director of Engen Ghana, talks to TOGY about competitiveness in the Ghanaian market, local content regulations and ramping up the downstream sector. Vice President, Dr Mahamudu Bawumia, told Ghanaian Times that the illicit activities, which comes in the form of illegal bunkering . Hydrocarbon exploration in Ghana's sedimentary basins started precisely in 1896 onshore Tano basin in today's administrative Western Region. the petroleum downstream industry and where applicable do so in pursuance of the prescribed petroleum pricing formula. Last week, chieftains of the downstream oil and gas industry, the National Petroleum Authority, led by its new chief executive, Dr. Mustapha Hamid, unveiled a major shift in state policy with regards to the structure of the sector. In 2007 the sector was boosted by the discovery of significant oil deposits off the coast of south-western Ghana, the Jubilee Field. Table 2: Ghanas Petroleum product consumption in 2009. The study covers companies in the downstream end of the oil industry, including crude oil refinery, petroleum products storage, and petroleum and gas products utilization companies. Besides the . Given the country's position on the coast of West Africa, as . 0. Furthermore, this paper reveals that Ghana is petroleum import-dependent of 17%, 37% for natural gas, and 78% for petroleum products as of 2016. Downstream; The oil and gas industry in Ghana is a significant source of growth and development. 2 Menergy (Ghana) Limited. Government has witnessed a significant increase in revenue generated from the country's downstream petroleum sector due to the improved monitoring of in-flows and out-flows at the various oil marketing company depots nationwide. The principle behind this policy is building capacity of indigenous companies. In 2005, Ghana deregulated the downstream petroleum industry as part of the debt relief package under the joint IMF-World Bank Heavily Indebted Poor Countries (HIPC) initiative.The policy had . The National Petroleum Authority (NPA) regulates, monitors and oversees the petroleum downstream sector. (National Petroleum Authority, 2013). History. Feb 17, 2022. The National Petroleum Authority was established by an Act of Parliament (NPA Act 2005, ACT 691) to regulate the petroleum downstream industry in Ghana. As a Regulator, the Authority ensures that the industry remains efficient, profitable, fair, and at the same time, ensuring that consumers receive value for money. Ghana's petroleum industry, though relatively young has been touted as having the potential to moving the country . The impending indigenization of Ghana's downstream oil and gas industry. you can imagine the amount the oil companies get to make in a day. It identifies some challenges of the sector and proffer solutions to ameliorate. Mr Emmanuel Armah Kofi Buah, Minister of Petroleum also stated that the ministry is working on a new local content policy for the petroleum downstream sector as well as building local capacity. About Us. . Speaking during a courtesy call on the Chief Executive Officer of the NPA, Dr Mustapha Abdul-Hamid, Mr. Kragha commended the NPA for its committed efforts aimed at sanitizing the downstream industry in Ghana. We were licensed by the National Petroleum Authority (NPA) to operate in the downstream Oil industry as an Oil Marketing Company in . January 2013; . Springfield Group. The Tema Oil Refinery (TOR) which is already operational and a proposed but yet to be constructed gas processing plant at Bonyere in the Western Region, will be used for oil refineries and gas production respectively. The decision, announced last week by chieftains of the National Petroleum Authority to reserve the distribution and sale of petroleum and gas products to indigenous enterprises - the latest step in government's ongoing . This paper reviews the operations of the oil downstream sector in Ghana by appraising the industry report for 2016. VICE PRESIDENT Dr. Mahamudu Bawumia has urged players in the downstream petroleum industry to focus on developing it, leveraging opportunities offered by the African Continental free Trade Area (AfCFTA). However, with the impending commencement of crude oil production in the last quarter of 2010, Ghana's oil and gas industry can now be categorized into the upstream and downstream sectors. The decision, announced last week by chieftains of the National Petroleum Authority to reserve the distribution and sale of petroleum and gas products to indigenous enterprises - the latest step in government's ongoing . Eni Ghana Exploration and Production Limited. Contents [ show] 1 Top 10 Oil and Gas Companies in Ghana. The petroleum downstream industry has been a contest between the industry players (petroleum service providers) and the consumer. Section 2: Assessment of fiscal regime and the Government of Ghana's estimated revenue from petroleum activities. The petroleum industry in Ghana is made up of three (3) streams, namely: Up Stream (Drilling of Crude) Mid-Stream (Refinery of Crude into a finished product) Down Stream (Shipment, Sales and Marketing of end product to Consumer) The Oil Marketing Companies (OMCs) are the downstream section of the industry. The… The two discoveries which were made in deep sea are about 65 km from the nearest coastal town of Effasu. The recent discovery of significant oil and gas accumulation in the territorial waters of Ghana, offshore Western Region by Kosmos Energy Ghana HC (Kosmos) and Tullow Ghana Limited (Tullow), has generated a lot of public interest and discussion. In 2007, Ghana discovered oil in commercial quantities in deep water offshore. The two main refineries in Ghana are Platon Oil and Gas and the Tema Oil Refinery (TOR). This is what Tema Oil Refinery (TOR) Ltd., Ghana National Petroleum. "We mainly came to offer assistance to the PRA in order for Sierra Leone to be able to regulate the downstream sector better by crafting out a system that will ensure efficiency" he added. Its current share is 6%, which is about GHS 22.2 billion, equivalent to around USD 3.9 billion. According to him, the NPA had put in place a robust regulatory environment which is evident in Ghana's downstream petroleum sector. (NPA, 2017). The Downstream Sector processes crude oil into finished products like heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, pesticides, and pharmaceuticals. Glusea.com brings to you the list of Oil companies in Ghana.
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downstream petroleum industry in ghana