Monday, 10 April 2017 11:27

NPA to establish local content Unit

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The National Petroleum Authority (NPA) is to establish local content unit at its head office to monitor and enforce the statutory duty to ensuring local content standards were strictly observed in the downstream petroleum sector. The NPA since its establishment by an Act of Parliament, Act 2005 has championed local content initiatives which has resulted to increased number of local participation by indigenous companies in the petroleum downstream sector. These include section 12 of the NPA Act and the revised licensing requirements for petroleum service providers (PSPs), which specifies that before NPA grants a license to a person to engage in a business or commercial activity in the downstream industry, he or she must be a citizen of Ghana.

Also, a foreign individual or foreign company in a registered joint venture relationship with a citizen of Ghana or a Ghanaian company must provide evidence of local partnership that is at least 50 per cent shares and must be held by a Ghanaian citizen before the grant and issue of licence by NPA. Mr. Alhassan Tampuli, acting Chief Executive of NPA who made this known at the commissioning of the Ghana Oil Company (GOIL) 13.5-million litre Marine Gas Oil Storage Facility at the Takoradi Port in Takoradi said “in this regard, we will be setting up a local content unit to monitor and enforce the standards”. The Facility, solely financed by GOIL, will enable the Ghanaian-owned oil giant to bunker ocean- going vessels that berth at the Takoradi Port.

Mr.Tampuli lauded GOIL for its pioneering role in ensuring local content and equity participation in the downstream petroleum sector. The Minister of Energy in a speech read by his deputy, Dr. Mohammed Amin Adam, commended GOIL for leading the crusade in promoting local content which is a priority of government, adding that government will support such initiatives that seek to give a helping hand to the policy. The project, he noted, was in line with government’s policy of making quality petroleum products available at affordable prices to fuel the economy. Commissioning the facility, Patrick Akorli, Managing Director and Group Chief Executive Officer (CEO) of GOIL, explained that the marine gas project was borne out of the realization that with the oil find, vessel activity would increase in the Takoradi Oil enclave. “The supply of the marine gas oil is to meet the expected increase in the number of vessels expected to berth at the harbour,” Mr Akorli added.

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