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GHANA TO HOST LARGEST INTERNATIONAL PETROLEUM CONFERENCE

West Africa industry leaders, experts, and decision makers in the petroleum downstream industry are gearing up for what is anticipated to be the largest Ghana International Petroleum Conference (GhipCon) yet as organizers reveal another milestone for the West Africa’s most influential oil and gas event.

The conference which is been organized by the National Petroleum Authority (NPA) in collaboration with the African Refiners and Distributors Association (ARDA) and under the auspices of the Ministry of Energy and the Ghana Chamber of Bulk Oil Distributors (CBOD), will take place at the plush Kempinski Hotel Gold Coast City, Accra from the 28th -30th September 2022.

Ghana’s Vice President Dr. Alhaji Mahamudu Bawumia is expected to deliver a keynote address at this year’s conference dubbed; “Energy Transition in the African Petroleum Downstream Context: Prospects, Challenges and the Way Forward”.

The conference is designed to actively bring to the fore, the downstream petroleum industry’s perspective and guidance on issues of Energy Transition and how government policy and regulatory framework could drive the Transition process.

It also highlights best practices for the advancement of the industry, not only in Ghana but across the West African sub region and beyond.

For the first time, the conference will have a regulator's workshop on the third of this conference. The workshop is expected to share best practices amongst ECOWAS regulators in  Senegal, Mali, Burkina Faso, Nigeria, Cote D’Ivoire and Togo and other key stakeholders on progress made thus far on adoption of the mandated AFRI-5 (50-ppm Sulphur) Fuel Specifications and promote collaboration on the implementation going forward.

Panelists would discuss issues of governmental and regulatory policy, and best practices for the advancement of the industry.

 

NPA donates to Chief Imam towards Eid Al-Fitr

The National Petroleum Authority (NPA) has presented food items to the National Chief Iman, Dr. Sheikh Osman Nuhu Sharubutu towards the celebration of the Eid Fitr or the end of Ramadan.

The items include bags of rice, cartoons of lele tuna chunks, cartons of sunflower oil, cartons of ideal milk, cartoons of brown sugar, cartoons of supper tea, cartons of assorted drinks, cartons of tomatoes, boxes of date and boxes of bottled water.



Presenting the items, the Chief Executive of NPA, Dr. Sheikh Mustapha Abdul-Hamid said NPA recognizes the contribution of the Muslim community towards the country’s development and solidarizes with them in their 30-day spiritual journey.

The donation, he stressed, was part of the Authority’s corporate social responsibility support towards a good cause”.


The National Chief Imam, Sheikh Osman Sharubutu, thanked NPA for the gesture and prayed for the continued success of the Authority and all employees of the institution.

PRESS RELEASE: Appointment of Mr. Perry Curtis Kwabla Okudzeto and Mrs. Linda Asante as Deputy Chief Executives of National Petroleum Authority

Pursuant to the powers vested in the President under Section 49 (1) of the National Petroleum Authority Act, 2005 (Act 691), the Office of the President in a letter dated 13th January, 2022 communicated the appointment of Mr. Perry Okudzeto and Mrs. Linda Asante to the position of Deputy Chief Executives respectively of the National Petroleum Authority.

In line with the constitutional requirements governing such appointments, the Governing Board at its 29th Ordinary Board Meeting held on 15th February, 2022 confirmed the appointment of Mr. Perry Okudzeto and Mrs. Linda Asante to the position of Deputy Chief Executives of the National Petroleum Authority.

Mr. Perry Okudzeto and Mrs. Linda Asante’s appointment as Deputy Chief Executives of the National Petroleum Authority will be effective 1st March 2022.

 

Signed

Corporate Affairs Directorate

Wednesday, 16th February 2022

We Have A Robust Regulatory System To Protect Your Investment - NPA CEO Tells Oil Investors In Duba

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has invited oil investors in the United Arab Emirate (UAE) to take advantage of Ghana’s favourable petroleum market environment and invest in infrastructures in the country.

He mentioned oil jetties, pipeline and distribution infrastructures, refineries and gas processing plants, storage and loading gantries as areas for grab by investors.

Dr Abdul-Hamid who was speaking at an Energy Investment Forum organized by the Ministry of Energy on the sidelines of EXPO 2020 in Dubai, UAE, said the establishment of NPA removed restrictions on the establishment and operations of facilities, and importation of crude oil and petroleum products.

He mentioned that it has also created a reliable legislative and regulatory regime that has delivered for the country a downstream industry, whose contribution to the economy has grown more than four-fold, with private players – both local and international – forming a major part of the industry.

Touching on why the need to invest in Ghana petroleum downstream industry, the NPA Boss said “our unique geographical position along the coast of West Africa, democratic stability and security require that we provide leadership in building an integrated infrastructure to serve the sub-regional petroleum industry.”

Mr. Charles Owusu, the Chief Executive of Petroleum Hub Development Corporation, on his part said government would provide both economic and regulatory incentives to investors such as corporate tax exemptions and waivers.

“These waivers will cover import duties and taxes and levies on machinery and equipment” he added.

He also stated Ghana was ready to reduce corporate tax rate from 35% to 15% after a 10-year tax holiday for petroleum sector investors.

Dr. Mustapha Abdul-Hamid addressing journalists in Tamale

The National Petroleum Authority (NPA) Chief Executive, Dr. Mustapha Abdul-Hamid, has paid a working visit to the Northern region. The purpose of his visit was to familiarize himself with the facilities, installations, and offices under the National Petroleum Authority(NPA).


The NPA CEO also visited the Bulk Oil Storage and Transportation Company (BOST)depot at Buipe in the Savannah region. He called on the Northern Regional Police Commander, COP Timothy Yoosa Bonga to collaborate with the authority to ensure that people obey the laws of the petroleum authority.The Director of Policy Coordination at the National Petroleum Authority(NPA), Jacob Amuah revealed that the authority has been compelled to install tracking systems on fuel trucks to tackle misuse of the fund in the transportation of petroleum products.


According to him, the fund used in equalizing petroleum products pricing has been abused and so they had to find a way of checking the exact location of where tankers offload fuel products so they do not claim what is not due to them. “ Somebody can buy from Tema and claim they are sending it to the North which might not be true and so because we do not have the visibility we decided installed the tracking systems which allows us to see where each tankers carrying petroleum products arrived at and where it discharged the products because this has an impact on the cost that we pay to the transporters of the products so we have installed these trackers on the trucks that help us to monitor where the trucks took the products from and where they offload so that at the end of the day we can pay the accurate price to the transporters.”


The NPA CEO and senior management members of the authority have so far visited Upper East, Upper West, Northern, Bono, Ashanti Regions, and the Upper West region as part of his familiarization tour of the regions.

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233 302 550 333
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info@npa.gov.gh

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