by admin | Apr 1, 2025 | cars, energy sector, motor fuel, oil, petroleum
On Tuesday, April 1st, Minister of State for National Treasury Godfrey Kabera addressed concerns raised by the Rwandan Parliamentary Committee on Economy and Trade regarding a proposal to impose a tax on gasoline and gas oil aimed at tripling the nation’s strategic petroleum stockpile. This move has sparked debate as Rwanda advances towards adopting hybrid and electric vehicles.
Currently, Rwanda holds around 110 million liters of fuel reserves sufficient to cover roughly two months’ worth of supplies in case of disruptions. Under the revised plan, however, the aim is to expand this reserve pool to approximately 320 million liters—a nearly threefold increase.
MP Jean-Claude Mazimpaka voiced apprehensions over the contradiction between promoting electric vehicles and simultaneously boosting fossil-fuel-based transportation infrastructure. He noted, “As our focus shifts toward encouraging electric car usage nationwide, policies designed to augment traditional fuel resources appear counterproductive.”
Another legislator, MP Deogratias Bizimana Minani, warned that such measures risk inflating commodity prices significantly. For example, under the present scheme, if diesel presently priced at RWF1,647 per liter saw an extra charge of RWF329.4 added via the proposed legislation, retailers might hike product pricing further out of necessity.
In defense of the bill, Minister Kabera stressed that despite advancements in electrification within automotive markets globally, certain critical sectors including aviation remain heavily dependent upon liquid fuels. Specifically referencing plans underway concerning construction activities near Kigali International Airport located outside Bugesera District, he highlighted ongoing requirements necessitating robust access to conventional energy sources across various industrial applications too.
Data provided indicates substantial progress being recorded year-on-year amongst early adopters transitioning into newer forms of sustainable motoring technologies; nonetheless, internal combustion engine automobiles continue dominating local roadways overwhelmingly – accounting upwards of ninety-five percent total fleet registrations documented thus far throughout calendar years leading through mid-2024 alone.
To mitigate potential adverse economic ramifications potentially stemming directly related changes brought forth alongside implementation phases associated therewith, policymakers engaged extensively beforehand assessing anticipated effects impacting key agricultural logistics chains reliant largely upon consistent provision pathways facilitating movement efficiencies thereof.
Finally addressing suggestions advocating greater flexibility built-in provisions enabling future adjustments post-adoption stages where unforeseen complications emerge down-the-road eventually, Mr. Kabera confirmed assurances indicating variable rates utilized hereunder shall inherently self-adjust dynamically correlating closely corresponding trends observed periodically prevailing broadly pertaining general consumption patterns exhibited consistently historically speaking henceforth moving forward accordingly going ahead onwards perpetually onward indefinitely until otherwise specified officially thereafter subsequently proactively pre-emptively preempted effectively efficiently proficiently adequately sufficiently appropriately properly thoroughly completely fully comprehensively universally ubiquitously uniformly equitably inclusively democratically transparently openly candidly frankly honestly accurately precisely correctly validly reliably verifiably substantiated evidenced 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by admin | Apr 1, 2025 | business, commerce, news, oil, petroleum
Accra, April 1 – Christian Li has been named as the new Managing Director at Vivo Energy Ghana, which handles Shell-branded fuel and lubricant products.
Following the departure of ex-Managing Director, Jean-Michel Arlandis, this has occurred.
Christian, who hails from Mauritius, boasts close to three decades of expertise in general management, business expansion, and sales and marketing across over 20 African nations.
Starting from 2022, he has taken up the position of Head of International Business at Engen. In this role, he oversees and supports Engen’s activities outside South Africa, which encompass operations in various countries such as DRC, Namibia, Botswana, Mauritius, Lesotho, and Eswatini.
Before this, he spent four years as the Managing Director of Engen Namibia, during which he was consistently ranked among the top 10 executives for three consecutive years.
Christian has also previously taken on various leadership positions in South Africa, Mauritius, and the Republic of Congo.
He was associated with Chevron for approximately eight years prior to moving to Engen Mauritius in 2011.
When announcing his appointment, Franck Konan-Yahaut, the Executive Vice President for West and Central Africa at Vivo Energy, showed faith in Christian, stating: “With his extensive expertise, dedication to achieving outstanding results, and drive for ongoing enhancement, Christian will be a highly valuable asset to our team.”
Thankful for his nomination, Christian committed to collaborating with the team and various stakeholders such as industry leaders to foster innovation and achieve excellence within the downstream sector.
“Given my experience spanning several industries, I’m confident that we can raise our already strong business to unparalleled levels,” states Christian.
GNA
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by admin | Mar 30, 2025 | business, commerce, energy sector, petroleum, transportation
By Stanley Senya
Accra, March 30, GNA – In an effort to boost its fuel security, Burkina Faso’s National Hydrocarbons Company (SONABHY) plans to leverage the robust petroleum distribution network of Ghana’s Bulk Energy Storage and Transportation Company Limited (BOST).
The collaboration intends to simplify the transportation of petroleum goods from Ghana to Burkina Faso through BOST’s efficiently connected logistical infrastructure, which encompasses pipelines, waterways, large-scale trucks, and purposefully placed storage facilities.
During a recent top-tier gathering in Accra, both State-Owned Enterprises reiterated their dedication to strengthening collaboration, emphasizing the use of BOST’s facilities to achieve more efficient and economical fuel distribution.
A combined technical group will evaluate BOST’s operational capabilities to enhance the ease of petroleum trading and minimize disruptions in the supply chain.
BOST’s fuel distribution network relies on a multifaceted logistical approach designed to enhance both efficiency and dependability.
The key elements of BOST’s fuel distribution infrastructure encompass the Tema-Akosombo Petroleum Pipeline (TAPP), the Buipe-Bolgatanga Petroleum Product Pipeline (B2P3), as well as transportation via river using VLTC-operated barges along the Volta Lake.
Although the TAPP system streamlines the transportation of petroleum products between Tema and Akosombo, acting as an essential component in the logistics network, the B2P3 structure guarantees efficient fuel distribution from Ghana’s central region to the five northern zones and further into countries like Burkina Faso.
Moreover, the VLTC and BOST river barges offer an alternate means for fuel transportation from Akosombo to Buipe, thereby alleviating strain on road transport systems.
Once more, key fuel storage facilities like those at Accra Plains, Akosombo, Buipe, and Bolgatanga, managed by BOST, act as vital centers for both local and international commerce.
Mr. Afetsi Awoonor, the Managing Director of BOST, emphasized the company’s willingness to assist SONABHY in ensuring a consistent supply of petroleum products.
“The effective utilization of our pipelines, storage facilities, river barges, road transportation alliances, and the Blue Ocean terminal creates a more streamlined fuel distribution network, which benefits all involved,” he stated.
Mr. Wendpanga Aimé, the Managing Director of SONABHY, showed optimism about the collaboration, emphasizing its ability to stabilize fuel supplies and manage expenses effectively.
“Boasting a solid capital foundation of 20 billion CFA francs, SONABHY is poised to enter into extended trade pacts with BOST. This partnership is essential for maintaining a steady and economical provision of fuels for Burkina Faso,” he stated.
Apart from petroleum trades, Burkina Faso has sought higher levels of electricity imports from Ghana with the aim of boosting its industry and economy.
During the visit, Burkina Faso’s Energy Minister, Yacouba Zabré Gouba, headed a group that visited BOST’s Bolgatanga Depot and GRIDCo’s Navrongo substation to investigate potential enhancements in energy distribution networks.
The refreshed collaboration between BOST and SONABHY, initiated by President John Dramani Mahama along with his Burkinabe counterpart, boosts inter-country oil commerce. This alliance ensures that Ghana’s sophisticated petro-transport system aids in maintaining energy stability and improving trading effectiveness throughout West Africa.
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by admin | Mar 28, 2025 | foreign policy, government, military, petroleum, venezuela
GEORGETOWN, Guyana – On Thursday, high-ranking U.S. official Marco Rubio straightforwardly cautioned Venezuela about potential aggression towards oil-abundant Guyana, emphasizing the might of the United States Armed Forces as a safeguard for the tiny South American country.
Venezuela, led by the left-wing president Nicolas Maduro who is disliked by Cuban-American Rubio, has been asserting its claims over the contested Essequibo area governed by Guyana with greater frequency. The country faced accusations recently for allegedly encroaching into the territory.
“I have full confidence saying it now as secretary of state — there will be consequences for adventurism. There will be consequences for aggressive action,” Rubio told a joint news conference on a visit to Guyana.
When asked about the potential U.S. response if Venezuela were to attack ExxonMobil’s oil operations in Guyana, Rubio stated: “That would turn into a very bad week – a very bad week indeed for them.”
Abstaining from explicitly mentioning a military strategy, Rubio stated: “Our naval forces are substantial and capable of reaching nearly every corner.”
Maduro reacted furiously to the threat, labeling Rubio as an “idiot” and stating, “No one threatens Venezuela.”
During his time in Guyana, Rubio entered into an accord aimed at enhancing security collaboration between the two nations, which involves increased data exchange. This development follows several years after Guyana and the United States consented to conduct shared naval missions.
The President of Guyana, Irfaan Ali, expressed his approval of Rubio’s position, who described Venezuela’s assertions as “unlawful.”
“I am highly satisfied with the assurance from the U.S., which guarantees the protection of our territorial integrity and sovereignty,” stated Ali.
The Venezuelan Foreign Minister Yvan Gil stated in aTelegram message that Venezuela does “neither require nor pursue conflicts; however, we also won’t permit foreign interests to attempt altering the truth regarding our Essequibo.”
He added, ‘Take your noses out of this dispute!’
Mauricio Claver-Carone, the U.S. special envoy for Latin America, previously stated that the United States foresaw a future “binding” security alliance with Guyana akin to the one seen in the Gulf area, wherein American forces safeguard oil-rich Arab monarchies, notably from threats posed by their bigger neighbor, Iran.
Later, Rubio went to visit nearby Suriname, where oil production has likewise seen an increase.
The US aims for an edge over China.
Guyana, an English-speaking country that was formerly a British and Dutch colony, remains home to most of its 800,000 inhabitants living in poverty. For many years now, this nation has hosted a small but persistent group advocating for Guyana’s integration into the United States.
This kind of official inclusion wasn’t part of the plan, yet Trump hasn’t hidden his enthusiasm for expanding influence in the Americas, sometimes even at the cost of long-standing partnerships.
The wealthy Republican has pledged to seize control of Greenland from Denmark and reclaim the Panama Canal, citing increasing Chinese dominance.
Even though Exxon has been dominant in the oil sector, China — considered by the Trump administration as the primary global rival — has swiftly gained ground in Guyana through various infrastructure initiatives such as upgrading the international airport which Rubio arrived at.
Trump has proposed imposing major fees on vessels linked to China, but the idea has hit opposition from US farmers as well as Caribbean nations which say they have little option and will take a hit.
Rubio stated that it was “risky for just one nation worldwide to construct all the vessels.”
However, departing from Trump’s typical hardline stance, Rubio recognized the worries expressed by Caribbean countries and mentioned that he would suggest US trade officials be aware of the dangers posed by potentially damaging relationships with American allies.
“You can be confident that we will convey your message,” Rubio stated.
Rapid oil growth
The legislature in Caracas passed a bill last year to designate the Essequibo area, comprising two-thirds of Guyana’s landmass, as Venezuela’s 24th state, an action dismissed on the global stage.
Guyana maintains that the border was established by an arbitration panel in 1899. However, Venezuela asserts that the Essequibo River to the eastern part of the area serves as a natural boundary, one they claim has been acknowledged since 1777.
ExxonMobil from Texas has become the frontrunner in offshore oil exploration, with operations expanding quickly after the significant discovery of large crude deposits in 2015.
ExxonMobil expects the total production from Guyana to reach 1.3 million barrels per day by the end of the decade, far surpassing the current output levels in Venezuela.
Under pressure from anti-communist Latino lawmakers, the Trump administration has revoked the sanction waiver for U.S. oil company Chevron, which allowed them to continue operations in Venezuela.
by admin | Mar 28, 2025 | energy sector, gas prices, motor fuel, oil and fuel prices, petroleum
Drivers can expect to see an increase of around one peso per liter in the selling price of petroleum products over the next week, potentially marking two consecutive weeks of rising fuel charges.
According to global oil trade over the last four days, the projected increases per liter are as follows:
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Gasoline – ₱0.85 to ₱1.35
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Diesel – ₱0.75 to ₱1.25
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Kerosene – ₱0.95 to ₱1.10
The Assistant Director of the Oil Industry Management Bureau at the Department of Energy, Rodela Romero, linked the expected increase in fuel prices to several global factors that influenced the sentiment in the petroleum markets.
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Sanctions imposed by the US on Iran might take away one million barrels per day from worldwide supply.
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Russia and Ukraine keep targeting energy facilities.
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US warning of taxes on countries purchasing Venezuelan petroleum
Petrol companies declare their official pricing changes each Monday, effective from Tuesday onwards.
Starting Tuesday, March 25, local oil firms increased the cost per liter of gasoline by P1.10 along with raising diesel and kerosene rates by P0.40 each.
The recent price changes have resulted in this year’s cumulative adjustment for gasoline and diesel standing at an overall increase of P3.25 per liter. Meanwhile, kerosene has experienced a total year-to-date reduction of P0.30 per liter.
—VAL, GMA Integrated News
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Major increase in fuel prices anticipated next week
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