Russia’s budget was $24.7 billion (1.76 trillion rubles) into deficit in January
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC)
The United States Department of Energy has put up 45 million barrels of oil for sale from the country’s strategic reserves as part of President Biden’s largest-ever plan
The Public Interest and Accountability Committee (PIAC) has cautioned the Ghana National Petroleum Corporation (GNPC) against continuously lending to the government.
PIAC has expressed worry over the manner in which oil revenue is used to pay judgement debt awarded against the state.
Petroleum revenue contribution to the national budget over the last 10 years has been estimated at US$2.6billion,