Noting that non-market pricing structures, complex supply chains, smuggling and adulteration of products were among the pressing issues that could hamper investments in the African downstream oil sector, the experts insisted that projected gains attributable to the sector may remain elusive unless the continent embarks on full deregulation of the sector along with coordination and harmonization of policies to enhance the market environment.
Speaking at the event, ECOWAS’ Director of Energy, Bayaornibe Dabire, disclosed that the range of fuel specifications in the sub-region spans from 50 ppm Sulphur in some countries to 10, 000 ppm Sulphur in others. From January 1, 2025, Dabire said only gasoline and diesel that meet the harmonized fuel specifications can be marketed within the ECOWAS region, adding that waivers would be provided for refineries within the region to remain operational while they introduce measures to comply with the Directive, he noted.
Director, Pricing, Planning & Research at National Petroleum Authority in Ghana, Alpha Welbeck, showed how activities are monitored digitally across the value chain from offshore to retail, providing end-to-end visibility of operations and reducing the tendency for companies to cut corners or make abnormal profits.
Who watches over the watchman. Who will strengthen rules to curtail his 'revenue'. Illegality brings the players wealth. Another talkshop
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