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News Review

News Review for 12 March 2018

  • SOURCE: reportingoilandgas | qwesa2big
  • Welcome to another exciting week. We trust that you enjoyed your weekend. It is our firm conviction that you will have a joyful and fulfilling week.

    In today’s edition of reportingoilandgas’ news review, the major media houses including 3news, Herald newspaper and myjoyonline among others report of a tussle between the managing director of Ghana’s Bulk Oil Storage and Transportation (BOST), Alfred Obeng Boateng and the chief executive of COPEC, Duncan Amoah. It was alleged by Duncan Amoah that the MD of BOST has contracted some persons to assassinate him for uncovering an alleged shady deal at BOST. According to the report Mr Duncan alleged a sale of 1.8million barrels of crude oil by BOST to an unlicensed company, thereby, causing the state to lose about $5.3m. Read more here

    In addition, in a swift reaction, the management of BOST issued an official statement to rebut the allegation made by COPEC. It was indicated in the statement that the board members would on Monday meet to take a decision on the allegation of ‘shady deal’ leveled against the company. COPEC had alleged that BOST had short-changed the state of about GHS23 million by selling off some 1.8m barrels of crude to BB Energy in September 2017. However, a source at BOST described the allegation as “unfortunate and misleading,” adding that “the Board will meet tomorrow to take a decision on that.” Read more here

    3news further reports on the government’s commitment to focus on developing opportunities in the country’s renewable energy sector to reduce dependency on the use of fossil fuel. President Nana Addo Danquah made this known at the maiden founder’s conference of the International Solar Alliance in Delhi, India. The president promised that Ghana would embrace solar, alternative source of energy, to enhance prosperity, energy security and sustainable development. The conference attracted 90 countries from all over the world. 60 countries agreed to treaty with some 24 others, including Ghana, assented and ratified to ensure the use of solar energy across the world. Read more here

    The Finder reports of a legal battle ensuing between Stephen Deelarbi, and Ghana Oil Company Limited (GOIL), and four others, including the High Court Registrar, for allegedly taking possession of and selling his property illegally. Mr Deelarbi, a resident of Ashale Botwe in Accra, asked the Commercial Division of an Accra High Court to recover possession of his property and make a declaration that the acts of the defendants culminating in the sale of his property as fraudulent, illegal and not supported by law. He therefore prayed the court to reverse the sale of the 0.995 acres of land, impose damages for wrongful attachment and sale of his personal property. Read more here

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