Dr. Mathew Opoku Prempeh, Minister of Energy, has announced that the National Petroleum Authority (NPA) is beefing up monitoring to combat fuel smuggling and dumping.
This is part of the measures being taken to ensure the availability of petroleum products in the midst of the global crisis, he said at a press conference in Accra on Wednesday, April 13.
He also stated that the government is looking for a strategic partner to help rehabilitate the Tema Oil Refinery as part of the measures (TOR).
“The Bulk Oil Storage and Transportation (BOST) is expected to hold up to six weeks of strategic stocks,” the Manhyia South Member of Parliament added.
- ‘True dangerous radicals’ are those increasing fossil fuel production – UN Secretary-General fumes
- Ghana’s total petroleum revenues have increased by 17.5 percent, according to the PIAC report.
Dr Opoku Prempeh further indicated that a number of measures have been put in place to ensure the protection of Ghanaian content and participation in the petroleum sector of the Ghanaian economy.
As part of the measures, he said Petroleum (Local Content and Local Participation) (Amendment) Regulations, 2021. (L.I. 2435) has been passed to include channel partnerships and strategic alliances in the petroleum upstream sector.
He also said the draft Regulation for Ghanaian Content and Ghanaian Participation for the downstream sector is currently under review.
