Audio By Carbonatix
Ghana is determined to be a shining example in Africa and the world in general as far as the management of its oil and gas industry is concerned, the Minister for Energy and Petroleum, Emmanuel Armah-Kofi Buah, has said.
According to him, the various legislations put, and still being put, in place to ensure transparency and efficiency in the oil sector would make the oil find a blessing to the country.
The Minister said this in Accra on Wednesday June 26, 2013 when he opened a stakeholder meeting on the draft Exploration and Production (E&P) Bill currently being put together for onward submission to Cabinet and subsequently to Parliament.
He said even though the law currently governing exploration and production, the PNDC Law 84, served the nation well, developments in the sector called for a comprehensive law to regulate the sector, particularly the upstream oil sector.
Mr Armah-Kofi Buah said the E&P law will strengthen the oil industry, adding that the draft bill contained all areas pertaining to the award of blocks, issues of transparency, local content and health, safety and environment (HSE) matters, among several others.
He called on stakeholders to make the necessary inputs to ensure a very solid final document acceptable to all.
During discussion time, inputs from civil society, oil companies, the Ghana Institute of Engineers and the National Insurance Commission were taken on board with several issues clarified. Also at the meeting were some educational institutions and other stakeholders who made various contributions.
The Chief Director of the Ministry of Energy and Petroleum, Professor Thomas Akabzaa, in his closing remarks thanked all the stakeholders for their contribution, saying that work was still in progress, therefore more inputs will be welcomed until the time is up for the final document to be sent to cabinet.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
MTN announces airtime and data sales blackout for January 2 in preparation for new VAT tariffs
10 minutes -
12 of the best TV shows to watch this January
11 minutes -
NPP begins nationwide exhibition of voter register for 2026 presidential primaries
33 minutes -
Senegal conclude Group D with comfortable win over Benin as both progress to Round of 16
1 hour -
Scores sleep overnight at Accra Sports Stadium more than 18 hrs ahead of Alpha Hour Convocation
2 hours -
When revenue collection hurts business
2 hours -
Creative Canvas 2025: Shatta Wale – Disruption as a strategy, dominance as the result
3 hours -
Is talk of “losses” by GoldBod just abstract drivel? Bright Simons asks
4 hours -
US Strikes: Ondo Amotekun arrests 39 fleeing suspected terrorists
4 hours -
New Passport Office opens in Techiman, bringing vital services closer to Bono East residents
5 hours -
Anthony Hopkins shares advice as he celebrates 50 years of sobriety
5 hours -
KTU Radio wins international award for its unique programme on World College Radio Day
5 hours -
German court jails man for drugging, raping and filming wife for years
5 hours -
Ashanti police intercept 2,600 AK-47 rounds and tactical gear at Asankare Barrier
5 hours -
Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘Unknown Patients’
5 hours
