Russia’s federal budget deficit shrank to RUB607bn ($6.7bn) in the first quarter thanks to high oil prices that pushed up oil and gas revenues by 80%, according to a preliminary estimate of the Ministry of Finance (MinFin).
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.
A Commercial High Court sitting in Accra, has granted a motion for an interlocutory injunction restraining the government of Ghana from making further monthly payments to Eni Exploration and Production Ghana Limited and its Partner, Vitol Upstream Ghana Limited for gas supplied to the state from the Sankofa Field.
The Public Interest and Accountability Committee (PIAC) noted in2019, that the Ministry of Finance, Tema Oil Refinery, Bulk OilStorage Transport, and Ghana Gas owed the Ghana NationalPetroleum Commission GH¢1,318,393,339.