Sentences with phrase «all oil marketing companies»

- Ken Agyepong's revelation that over 800 oil marketing companies were formed by elements in the flagstaff house with five months

Mr. Awuah Darko said, after heeding to this request for months, their attention was drawn to the fact that, they were not an Oil Marketing Company (OMC) and so they could not supply fuel directly to the aforementioned institutions.

Ghana allegedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies.

Checks by Citi Business News at some major Oil Marketing Companies showed that petroleum prices dropped by less than GHc1 at the pumps after Parliament passed the Special Petroleum Tax Amendment Bill to reduce that much - criticized tax from 15 percent to 13 percent.

Managers of Oil Marketing Companies (OMCs) operating in the Northern Region have backtracked on their decision to shut down their fuel stations in protest of recent attacks by robbers, after a meeting with the Northern Regional Security Council (REGSEC).

«Total is the only Oil Marketing Company that runs a Young Dealer Scheme which gives opportunity to our customer attendants to grow in the company and to become dealers with no start - up capital,» she said.

«To the point where competition among the Oil Marketing Companies remains high, market price for both Brent crude and refined oil dropping in average price terms, added to the appreciation of the Cedi against the U.S. dollar, and increasing national fuel stock; the Institute for Energy Security (IES) believe that there is enough positive momentum and fundamental justification to move the prices of Petrol and Diesel lower on the local market,» IES said in a release signed by Gilbert Richmond Rockson, Principal Research Analyst.

Most oil marketing companies begun the current pricing window with prices per litre averaging some 3.680 though others had much higher prices at the pumps.

IES - Market scan indicates Zen Petroleum, Benab Oil, Pacific, Lucky Oil and Frimps Oil lead the chart of Oil Marketing Companies (OMCs) selling the cheapest fuel per litre at the pump.

During the first «Pricing window» for the month of June 2016, Oil Marketing Companies (OMCs) increased their prices by an average of 2 % which IES contested, resulting in a sharp response by Goil of some 0.79 % drop on a litre of petrol.

We trust that all Oil Marketing Companies would ensure that the fundamentals guide them in their pricing for the next window which opens on 16th June 2016.

The committee will be made up of representatives of; the National Petroleum Authority (NPA), the Tema oil Refinery (TOR), the Ghana Standards Authority (GSA), Bureau of National Investigations, Chamber of Bulk oil Distributors, Association of Oil Marketing Companies, Energy Commission and a representative from the relevant Civil Society Organizations.

The Association of Premix Distributing Oil Marketing Companies has also added its voice to calls for the arrest and prosecution of persons said to have diverted to other areas, premix fuel meant for fishermen across the country.

The company was followed by indigenous oil marketing company, Goil, Golden Star Resources, Total Petroleum Ghana and Ecobank Ghana followed in the third, fourth and fifth positions respectively.

The leading Oil Marketing Company in Ghana, Ghana Oil Company Limited (GOIL), has launched a campaign dubbed Switch - To - GOIL at the Kwame Nkrumah Circle.

Business News of Tuesday, 8 May 2018 Source: Solomon Anderson Maureen Amma Owoo, Merchandise and Business Development Manager at GOIL The leading Oil Marketing Company in Ghana, Ghana Oil Company Limited (GOIL), has launched a campaign dubbed Switch - To - GOIL at the Kwame Nkrumah Circle.

The National Petroleum Authority (NPA) has directed Oil Marketing Companies (OMCs) to implement the amended Special Petroleum Tax (SPT) Act which reduces the tax by 2 %.

Dealers / retailers margin: This part of margin goes to the dealer; it does not go the oil marketing company.

Distribution margin: Oil marketing companies have investments, they need to have returns on, so they could continue to be in business and ensure that products are within their retail outlets across the country for us to benefit.

The country is said to have lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies.

Business News of Wednesday, 9 May 2018 Source: ghananewsagency.org Patrick Akpe Kwame Akorli, Group Chief Executive Officer of GOIL The nation's foremost indigenous Oil Marketing Company (OMC) the Ghana Oil Company Limited (GOIL) on Wednesday launched the bulk transporters» driving manual to guide drivers of petroleum products on the safety mechanism for movement from depots to delivery points.

The National Petroleum Authority (NPA) has received notice of an intended demonstration by the Chamber of Petroleum Consumers (COPEC) and Industrial and Commercial Workers Union (ICU) ostensibly in response to recent increases in price of petroleum products at the pump by some selected Oil Marketing Companies.

The company is working out a possible partnership with oil marketing companies to expand the network of CNG filling stations.

Taurus Petroleum Limited (Appellant) v State Oil Marketing Company of the Ministry of Oil, Republic of Iraq (Respondent)[2017] UKSC 64 (Lord Neuberger, Lord Mance, Lord Clarke, Lord Sumption, Lord Hodge)

In Taurus Petroleum Limited v State Oil Marketing Company of the Ministry of Oil, Republic of Iraq [2017] UKSC 64, the Supreme Court considered the situs of a debt under a letter of credit, and clarified the circumstances in which third party debt orders are available.

Public Sector Oil Marketing Companies have deferred the recovery of loans from Pradhan Mantri Ujjwala Yojna...

Not exact matches

Even Malaysia's national energy company, apparently, is pausing to heed the market signals as crude oil prices plunge.

But companies are still feeling the pinch of the massive glut of oil worldwide, which has brought down markets and remains a major policy discussion among international producers.

When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price of oil, leaving Ritchie Bros. less vulnerable to market surprises.

Large oil companies like ExxonMobil, which in 2011 earned more than $ 40 billion, make no hiring or firing decisions based on government handouts, but startup green - energy companies will hire more engineers and technicians, more marketing professionals and managers if governments invest in them.

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Companies that refine and sell petroleum products pay market price for oil, so their costs are rising, but a shaky economy makes it harder for them to pass costs on to customers.

The day before Marathon announced it was breaking up in January 2011, the combined company had a market value of around $ 28.9 billion, when oil was trading at around $ 90 to a $ 100 a barrel.

It also means that over the next year, Apple will be paying more back in dividends than any other publicly traded company, beating out oil giant Exxon Mobil for the position, according to Howard Siliverblatt, veteran market watcher and senior index analyst at S&P Dow Jones Indices.

Despite a rapid growth approach to new markets, Sim says that the company made a strategic decision to defer entry into more challenging markets, such as China, where many domestic oil - and - gas firms already use similar software programs.

The Financial Times reported on Thursday that the Treasury is «finalising» a $ 2 billion loan guarantee for Saudi Aramco, the state oil company that is gearing up for what would be the world's biggest ever stock market float.

In May 2018, the Company successfully executed a firm sales agreement beginning in June for a significant portion of its Delaware Basin oil production with the marketing division of a large international energy cCompany successfully executed a firm sales agreement beginning in June for a significant portion of its Delaware Basin oil production with the marketing division of a large international energy companycompany.

But the first three months of the year could be the biggest hurdle for the small companies to clear, Abhishek Deshpande, an oil markets analyst at Natixis, explained.

The consumer watchdog has given the green light to Woodside Petroleum's proposed purchase of oil and gas assets from US energy company Apache, after concluding it would not have a significant effect on the domestic gas market.

Including Gateway, Enbridge's North American oil pipeline program «is probably the biggest capital expansion in the history of the company,» says Vern Yu, vice-president for business and market development.

The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking on stock markets despite the high price of oil.

The world's largest oil company by market value had cut even cut its capital budget for the quarter by 38 %, but it wasn't enough.

But he said the company delayed because of the «oil crash,» when falling oil prices caused the stock markets to briefly tumble.

It will help small to medium - sized American oil companies like Continental Resources, Oasis Petroleum, and Whiting Petroleum get their product to market faster, safer, cheaper, and more efficiently, compared to alternatives, like rail.

The company has also had to take big losses related to write - downs of the value of its oil and gas assets, to reflect the lower prices these energy commodities are garnering on the open market.

Publicly traded oil companies have lost billions in market value, and both public and private firms are moving aggressively to cut capital spending budgets for 2015 — laying off thousands of workers and shutting down hundreds of rigs.

Oil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since NovembOil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since Novemboil and gas deposits after crude prices have traded above $ 60 a barrel since November.

And in 2007, with crude prices on the rise, voracious demand for new shares of PetroChina on the Shanghai Stock Exchange caused the Chinese oil and gas company's market value to briefly top $ 1 trillion.

Middle Eastern insiders actually trade the oil market anonymously and through masked trading companies for their personal gain at the expense of lives in their country's military.

(As important to its market value as its oilsands properties is its intellectual property, which Petrobank has already licensed to companies including True Energy Trust and Baytex Energy Trust, its partner in the Kerrobert heavy - oil project.