COMAC pushes for crude oil revenue windfall to support struggling downstream sector

Chief Executive Officer of COMAC, Dr Riverson Oppong, said Ghana should consider redirecting part of the unexpected increase in crude oil revenue to cushion the downstream sector.

The Chamber of Oil Marketing Companies (COMAC) is calling for a portion of Ghana’s additional crude oil revenue to support the struggling downstream petroleum sector.“If you compare the budget of the Ministry of Finance at the early part of the year compared to what the actual price or the actual revenue we are making from the crude oil stills, we are making more than whatever we projected,” he said.