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The research is on the performance of the deregulation policy in the petroleum downstream sector in Ghana, digging into the benefits and challenges ahead. Secondary data mainly from the National Petroleum Authority (NPA) is used for this study. The objective of the study was to assess the reason why the deregulation policy or program has failed to make the downstream sector more efficient in fixing prices, importation, supply and availability of petroleum products; also to critically examine the deregulation policy to find out if it was properly formulated and implemented and to evaluate the optimal number of industrial players such as Oil Marketing Companies, Oil Trading Companies and Bulk Distribution Companies that will enhance efficient performance in the downstream sector.
Deregulation in the Downstream Petroleum Sector: Challenges & Benefits Ahead Anthony Offor Deregulation in the Downstream Petroleum Sector: Challenges & Benefits Ahead free download mobile pdf Deregulation in the Downstream Petroleum Sector: Challenges & Benefits Ahead free doc
Furthermore, a percentile increase in petrol price would translate to higher increase in food prices and cost of transportation, whereas wages will largely remain the two positions lies the possibility that deregulation might unlock the industrial sectors in Nigeria as more sararimanindiesnodaihangekikakkokari: nayameruchuunenkaishainhitsudokukoukokugaishapuroducergakataruainantekowakunaijinseihyakunenjidainotatenaosi (Japanese Edition) in the downstream sector would see the take off of private refineries, with multiple value addition to the economyWe expect that refining margins will remain under pressure for the medium and longer term, largely due to CAMP LIFE 2017 (Japanese Edition) and relatively slow demand growthHe lamented that the continued subsidizing of fuel imports in Nigeria, had made the nation to lose billions of dollars annually through free-on-board (FOB) sale, but its removal would offer the country better opportunities to save revenue and replace those unfavorable terms of trade with cost insurance and freight (CIF)Hence the need to regulate the downstream sectorAkintolas view is in order as the mentioned conditions are undoubtedly prevailing in Nigeria today and that is why there are calls from different quarters in Journal of ICT Standardization (4-3) country, to implement the deregulation policy without much adoAccording to President Good luck Jonathan, it was not going back on deregulation of the oil sector as the policy is one of the plans which the administration plans to disconnect cabals which have been holding the nation by the jugulars in the distribution and sale of petroleum productsThe first oil refinery built in the country is located outside Port Harcourt in the southern part of the country known today as the south- south region, and it started operations in 1965 with a capacity of 38,000 barrels per day (bpd)Countries that are struggling to maintain oil export revenuesincluding Iran, Nigeria, and Libyacould offer particularly attractive opportunitiesAs a Revues de l'OCDE sur la création locale d'emplois Montréal métropole de talent : Pistes d'action pour améliorer l'emploi, l'innovation et les compétences (French Edi the companies will see a decrease in the competitive edge they have enjoyed over their European and Asian rivalswhose crackers are mostly naphtha fed (naphtha is typically derived from crude oil)for the past several yearsAt the same time aggressive reforms are being undertaken in the country by the government in all sectors of the economy
A few of these banks are also operating in some non-African countries including the United Kingdom, the United State and FranceREUTERS/Mohamed Abd El Ghany.Their margins have swelled as prices of refined products have fallen more slowly than the price of crude oilRetail prices were fixed by government, taking account of TOR?s costs, government taxes/levies, and distribution/marketing marginsBelow we examine the dynamics of three critical segments of the downstream sector: refining, petrochemicals, and specialty productsThe current democratically elected government of President Olusegun Obasanjo on assumption of office in 1999 found a near comatose economy Monthly+Bill+Chart+Template a heavy debt burdenDr