- April 14, 2022
- Posted by: Amos Ekow Coffie
- Category: Energy
Energy Minister Dr Mathew Opoku Prempeh has announced that the National Petroleum Authority (NPA) is enhancing monitoring to reduce fuel smuggling and dumping.
This forms part of measures to ensure availability of petroleum products amidst global crisis, he said at a press conference in Accra on Wednesday April 13.
As part of the measures, he further indicated that the government is selecting a strategic partner to rehabilitate the Tema Oil Refinery (TOR).
“The Bulk Oil Storage and Transportation (BOST) is expected to hold up to 6 weeks strategic stocks,” the Manhyia South Member of Parliament added.
Dr Opoku Prempeh further indicated that a number of measures have been put in place to ensure the protection of Ghanaian content and participation in the petroleum sector of the Ghanaian economy.
As part of the measures, he said Petroleum (Local Content and Local Participation) (Amendment) Regulations, 2021. (L.I. 2435) has been passed to include channel partnerships and strategic alliances in the petroleum upstream sector.
He also said the draft Regulation for Ghanaian Content and Ghanaian Participation for the downstream sector is currently under review.