Business News of Thursday, 7 November 2019Source: Myjoyonline.comNPA launches manual to control oil lossesAliu Nuhu Abaka, Acting Director of Downstream PetroleumThe National Petroleum Authority (NPA) has launched a manual to curb the frequent losses of oil associated with petroleum product loading, transportation and also during sales at the fuel stations. The manual provides the minimum requirements of the standard procedure and methods to be used to determine the quantity of petroleum products in storage tanks, river barge, Bulk Road Vehicles (BRVs), used in the distribution of petroleum products relating to purchase, sale and custody monitor or inventory control in the petroleum downstream industry. Addressing industry players at the launch, the Energy Minister, John Peter Amewu in a speech read on his behalf by the Acting Director of Downstream Petroleum, Aliu Nuhu Abaka, said even though the problem of oil loss can be attributed to both human and non-human factors. The Chief Executive of the Association Of Oil Marketing Companies, Kwaku Agyemang-Duah, who chaired the event charged petroleum service providers to read and adhere to the manual to avoid losing money. He said, “this will reduce the short change of petroleum products during loading, transportation and sales at the stations and outlets.”Mr Agyemang-Duah announced the implementation of the standard procedures and methods published in the manual kick-starts with immediate effect.

Source: GhanaWeb November 07, 2019 16:54 UTC