Thursday, 29 September 2016 16:45

Ghana, Mali Collaborate on Petroleum Downstream

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The National Petroleum Authority (NPA) and its counterpart in Mali, National Office of Oil Products (ONAP) are collaborating to improve efficiency in the petroleum downstream in both countries.

In furtherance to this collaboration, a team from the National Office of Oil Products of Mali, led by the Director, Ibrahim Dansoko paid a courtesy call on the Chief Executive of the National Petroleum, Moses Asaga in Accra on Wednesday.

The collaboration between NPA and its Malian counterpart will among other things increase the exportation of petroleum products from Ghana to Mali from the current three per cent (3%) to about 30% thereby boosting trade. Ghana and Mali would also share experiences of mutual benefit to the petroleum downstream industry of both states.

He stated the activity of dumping undertaken by companies licensed by NPA as petroleum export companies, denies the economy of the needed revenue since these export products are not taxed – and are sold on the ‘black market’ cheaper than the prescribed petroleum pricing formula.

Mr Asaga said the NPA was therefore working with relevant agencies to stem this trend and expressed delight at ONAP’s commitment to help fight the illegal activities of petroleum export companies.

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In the meantime, he added, “the Authority will continue to enforce regulations which mandates all Bulk Road Vehicles (BRVs) to install electronic tracking device on their vehicles. All BRVs without such tracking devices will not be permitted to travel beyond their local restricted local areas”.

On his part, Mr Dansoko was looking forward to foster a relationship with NPA where they will be sending another delegation on attachment to NPA and also receive a team from NPA in Mali to facilitate knowledge transfer between the two institutions.

In attendance from ONAP also included Inspector for Economic Services and the Chief of Petroleum Marketing Division, Zoumana Diakete and Chief of Administration and Statistical Division, Nodibo Gouro Diall.

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