Audio By Carbonatix
Ghanaians in the diaspora have been encouraged to come home to explore the numerous business opportunities the upstream petroleum industry presents.
CEO of Petroleum Commission, Egbert Faibille Jnr. said although the upstream sector is evolving, it seeks to create fair and equitable competition in a credible manner.
He was speaking at the Oil and Gas SME Networking Session organized by the Ghana Houston Business Chamber during a panel discussion recently.
The session afforded Ghanaians in the diaspora the platform to understand the country’s oil and gas sector and collaborate with Ghanaian SME’s in the upstream sector to tap into opportunities
Stressing on the importance of regulation (L.I 2204), the CEO of the Commission indicated the need for diasporans to drive the Ghanaian economy is paramount.
“A conducive environment will be created for the diasporas to invest in the various sectors of the economy,” he said.
He further explained the processes involved in registering with the Commission as well as the importance of Joint Venture agreements and protocols in the industry.
The Country Manager of Kosmos Energy, Dr Joe Mensah shared his experience on how he overcame challenges relating to settling and operating a business in Ghana a decade ago when he decided to move to the country.
He indicated that diasporans willing to operate businesses in the oil and gas industry in the country should avoid the negative perceptions and imbibe the “I-can-do-it” attitude.
Director of Local Content of the Commission, Kwaku Boateng said in a submission: "Local Content is a catalyst for development and offers opportunities for local companies and creates opportunities.
Therefore, as a Commission, we are committed to ensure that players in the industry play critical roles and make a significant impact in the industry.”
The Ghana-Houston Business Chamber is made up of Ghanaians in Houston. The Chamber seeks to foster partnerships aimed at promoting trade and investment between both countries.
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.
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
-
South Africa’s Ramaphosa vows crackdown on groups behind xenophobic attacks
20 minutes -
Congo says number of confirmed Ebola cases rises to 515
29 minutes -
UN blames online disinformation for protests outside Libya offices
32 minutes -
Israel hits Iran with new strikes despite Trump admonition
42 minutes -
Philippines verifying reports of at least five deaths after magnitude 7.8 quake
51 minutes -
Ethiopian Airlines set to decide on regional jet order in next three months
3 hours -
US stocks slump as fears over Big Tech shake Wall Street
4 hours -
Nigeria’s military rescues 360 hostages in Borno state
4 hours -
Oil prices edge higher after strikes on Israel test ceasefire
4 hours -
‘A World Cup for them not us’: Fans’ anger at US travel bans and visa restrictions
4 hours -
Five people injured in stabbing at New York City’s Penn Station
4 hours -
Judge urges Melbourne orchestra and pianist to resolve case over Gaza comments without him
4 hours -
Giant hissing cockroaches among $200,000 worth of illegal insects seized in Australia
5 hours -
South Africa’s president unveils crackdown on illegal migration
5 hours -
Ederson replaces injured Wesley in Brazil squad
5 hours