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Ghana's petroleum authorities dispel fears of imminent fuel shortage

Xinhua, February 16, 2017 Adjust font size:

The National Petroleum Authority (NPA) assured Ghanaians here on Wednesday there was no basis for fuel shortage in the country any time soon.

It said there was enough fuel reserves to meet demands, dispelling rumors of imminent fuel shortage in the west African country.

"The current stock position in the country indicates there is over 200 million liters of gas oil and more than 100 million liters of petrol at various depots throughout the country. These stocks are expected to last up to 6 weeks," the NPA said in a signed statement by its Public Relation and Consumer Service Manager, Yaro Kasambata.

Additionally, it said over 73 million liters of gas oil and 46 million liters of petrol were expected to be delivered into the country from Feb. 13th to 18th.

"There are no challenges at the discharging terminals at the country's ports and ensures that there is fairness in the process leading up to the discharge of cargoes of all importers. The NPA continuously monitors the weekly schedule of fuel imports to ensure that there is constant supply of fuel for the country," it said.

A think tank, Institute for Energy Security (IES), had warned of an impending shortage of petroleum products in the coming weeks due to the shutdown of the Tema Oil Refinery (TOR) and the congestion at the ports which had compelled many oil companies to postpone their imports.

A statement by Richmond Rockson, Principal Research Analyst at the Petroleum Unit of IES, said on Tuesday that, due to the unanticipated shutdown of the Tema Oil Refinery (TOR) and port congestion, the oil companies were being compelled to postpone their import and export programs amid acute discharge and loading constraints that had the potential to interrupt with Ghana's fuel supply. Endit