
Audio By Carbonatix
The Ghana National Petroleum Corporation says it would weigh its options very carefully any time Kosmos Energy declares a fresh intent to sell its stake in the Jubilee oilfield.This follows announcement by the Texas-based oil exploration firm that it has terminated an earlier agreement to sell its minority stake in Jubilee to ExxonMobil.Though it did not state reasons for the decision, there have been suggestions that the Jubilee partner may just be re-evaluating its decision in the hope that it could get more for the stake in the future.The termination of the sales agreement however gives other interested parties, particularly the GNPC an opportunity to pursue the stake.But Head of Economic Evaluation at the GNPC, Kwame Ntow-Amoah says it may be early days yet.He tells Joy Business’ George Wiafe the corporation still has scores to settle with Kosmos.Kwame Ntow-Amoah said it is not the interest of GNPC to force partners out but stressed the corporation still has outstanding issues to deal with Kosmos following the data they gave out to other companies without express approval from GNPC.He said that is a clear breach of the country’s laws and will need to sort those issues out with Kosmos.He added however that whenever Kosmos expresses interest in selling their shares again, GNPC will take a decision whether to buy it or not.Source: Joy Business/Myjoyonline.com/Ghana
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
-
Publican AI system doesn’t determine values, it flags suspicious transactions – GRA Boss
2 minutes -
Balancing the scales: McDan Aviation, E&P, and politics of opportunity in Ghana’s economy
6 minutes -
GRA credits Publican AI system for exposing GH¢11bn port leakages
10 minutes -
Owabi, Barekese water plants face shutdown threat over pollution and power outages
17 minutes -
Catholic Bishops call for national dialogue on LGBTQ debate
22 minutes -
Softcare FM Manufacturing Ltd backs Consumer Health Week, pushes science-driven care agenda
23 minutes -
The Eyes of Ghana to premiere in April, spotlighting rare Nkrumah-era footage
26 minutes -
$31bn transferred without matching imports in five years — GRA boss
39 minutes -
JoyNews Impact Maker, Williams Akongbabre, presents award to people of Bawku West
40 minutes -
Kenya backs Morocco’s autonomy plan for Western Sahara, signals push for implementation
47 minutes -
Hip-hop pioneer, Afrika Bambaataa, dies aged 68
55 minutes -
Let OSP defend itself in Supreme Court case — Prof Prempeh
1 hour -
Emmanuel Kweenu Haizel aka Simpa Panyin
1 hour -
Police foil planned highway robbery in Ashanti Region, one suspect shot dead
1 hour -
Sunyani Technical University dismisses 3 students over examination malpractice
2 hours