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» Government’s oil-revenue target is unlikely to be achieved – Imani Ghana

Policy think tank, Imani Ghana has cast doubts over government’s oil revenue target for the year following what it says is the continuous fall in oil production from the Jubilee field since last year. 

Government in this year’s budget projected to generate 650 million dollars from the oil production. Figures from January to June indicate, the country grossed nearly 230 million dollars. 


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» Ghana: Petroleum committee tours Jubilee oil fields

Members of the Petroleum Security Co-ordinating Committee (PSCC) has toured the Jubilee Oil Field off Cape Three Points in the Western Region to familiarise themselves with security operations in the field. The visit enabled the committee to have first hand information and knowledge about the logistical and security challenges related to the production of oil in the country.


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» Oil Drops

Oil declined from a two-year high in New York on speculation China will raise interest rates, damping growth in the world’s biggest energy consumer. Crude for December delivery fell as much as $2.28, or 2.6 percent, to $85.53 a barrel in electronic trading on the New York Mercantile Exchange. It was at $85.64 at 4:16 p.m. Singapore time. Thursday, the contract was unchanged at $87.81, matching the highest settlement since October 9, 2008. Crude fell for the first time in three days
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» Government to audit mining operations

A comprehensive policy to enable the government to withdraw operating licences of mining companies that do not comply with their environmental and social assessment obligations, is in the offing. 


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