Audio By Carbonatix
The Ghana National Petroleum Corporation (GNPC) is vowing to continue its protest against the takeover of the Jubilee Oil Fields by US oil giant ExxonMobil.
Kosmos has formally put in a request to President John Mills seeking approval to sell its stake to ExxonMobil.
But the latest move may suffer yet another blow as the GNPC kicks against it.
Earlier in the year Kosmos was criticized for what was said to be a private arrangement to sell its shares without following due process and the contract it had with government.
Head of Economic Evaluation at the GNPC, Kwame Ntow Amoah, tells Joy News GNPC has declined consent for the process because Kosmos does not want to open up to other companies that have shown interest in the Jubilee Fields.
“The right to choose a partner, no entity can conduct petroleum operation in Ghana except in association with GNPC. So if an entity wants to conduct petroleum operation in this case the new entity being Exxonmobil it has to seek the consent of GNPC to partner with it,” he told Joy FM’s Samson Lardy Ayenini.
He said GNPC has to determine whether the entity will bring value in partnership with GNPC, adding strategic data that belongs to GNPC was shared without GNPC’s approval.
For these reasons, he said the GNPC has declined to give their consent to the sale of the Kosmos’ shares to Exxonmobil
Deputy Information Minister Samuel Okudzeto Ablakwa says the request is yet to be approved.
Speaking on Joy FM’s Super Morning Show, he says government has not changed its position about how the sale should be conducted.
Source: Joy News/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
-
Crowds, deals and home solutions as Republic Bank-JoyNews Habitat Fair enters final day
2 hours -
Fire Service finds only five functional hydrants in Ministries enclave
2 hours -
Government to sign 1,200MW gas power deal before end of 2026 – Mahama
2 hours -
West Mamprusi launches community-led WASH and livelihoods project across 100 communities
2 hours -
Iran says it will wait for official US response after Trump rejects Strait of Hormuz proposal
3 hours -
90 Oti communities to benefit from government electrification project
3 hours -
Floods leave 246 without shelter as 93 houses collapse in North East Gonja
3 hours -
Labour Minister wants SOEs to help shape new public pay system
8 hours -
IPEC will ensure Equity and Sustainability in SOEs Compensation
8 hours -
White House bars CNN from travelling with Trump on Air Force One
9 hours -
Fennis wins second consecutive ITF J60 title in Accra
9 hours -
Spain beat England in thriller after Kane penalty miss
9 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
9 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
9 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
9 hours