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Ghana is best placed to have petroleum hub for West Africa – NPA boss

 The Chief Executive of the National Petroleum Authority, (NPA), Dr. Mustapha Abdul-Hamid says Ghana is best placed to attract investments into its Petroleum Hub because of political stability, geographical location, robust downstream sector, and its high quality crude oil. 

Speaking during the official ribbon cutting ceremony at the Ghana delegation pavilion at this year’s Offshore Technology Conference, (OTC) in Houston, Texas, Dr. Abdul-Hamid said the NPA will vigorously support the establishment of the Petroleum Hub by undertaking strong engagements with investor communities to be able to attract investments into the country. 

He continued, saying, the authority will ensure it plays its regulatory role by providing licences and permits for the establishment of the refineries, distribution and transportation infrastructure, storage facilities, among others.

“It will also monitor the quality of petroleum products to ensure they meet specified standards”, he stressed.

The proposed Petroleum Hub, which is estimated to be $60 billion has four key infrastructure: refineries, petrol chemical plants, storage facilities and jettys.

The OTC is an annual event which provides energy professionals from various countries with the opportunity to meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. 

Deregulation policy to be reviewed

The Chief Executive (CE) of the National Petroleum Authority, (NPA), Dr. Mustapha Abdul-Hamid has told Civil Society Organisations (CSOs) in the energy sector, which government is in the process of reviewing the price deregulation regime of the petroleum sector, which has been in effect since 2015.

He said this last week Thursday when he met them as part of his stakeholder engagements.

“Even before I took office as CE of the NPA, plans were already in place to review the deregulation policy which has been in effect since 2015” Dr. Abdul-Hamid said.

“I have duly signed off on the decision and the review committee will begin sitting soon” he added.

Dr. Abdul-Hamid said this in response to concerns by the energy sector CSOs, that after six years of the operation of the deregulation policy, it has not been reviewed to tell us if it is a policy that has had a positive or negative effect on the downstream petroleum industry and the economy as a whole.

The 12-member committee has representatives from the Ministry of Energy, the Chamber of Bulk Oil Distributors (CBOD), the Association of Oil Marketing Companies (AOMCs), the LPG Marketing Companies (LPGMCs) and the NPA.

While commending government for the initiative to review the petroleum deregulation policy, the CSOs lamented their exclusion form the committee.

They wondered why the beneficiaries of the policy, that is, CBOD, AOMC and LPGMC were the same people being asked to review it.

Dr. Abdul-Hamid promised to look into their complaint and seek appropriate advice on the way forward.

In the meantime, he has asked them to submit proposals and memoranda to the committee for consideration. “You do not have to be physically present on a committee to make your views heard. You are welcome to submit proposals and memoranda and they will be factored into the deliberations of the committee” he said.

Deregulation is the removal of government controls from an industry or sector, to allow for a free and efficient market place; the lifting of government controls, and to allow for the forces of demand and supply to dictate the prices of goods and services.

The process to deregulate the pricing of petroleum products had been evolving from 2005 when the NPA was set up until June 15, 2015, when complete deregulation was achieved. The introduction of the deregulation policy by government was also meant to reduce the huge losses incurred by BDCs and OMCs which deprived them of the needed capital to make their businesses viable.

This also compelled government to intervene with subsidies, which also affected other developmental needs.

The CE, whilst assuring them of frequent engagements and an open-door policy, appealed to them not to take entrenched positions since “we are partners in development.”

The CSOs expressed their excitement about the CE’s proactive policy of engagement and assured him of their ‘full cooperation” in promoting a robust and efficient downstream petroleum industry.

The CSOs in attendance were Institute of Energy Security (IES), African Center for Energy Policy (ACEP), and the Chamber of Petroleum Consumers (COPEC). Others were, Consumer Protection Agency (CPA), the Institute for Energy Policy and Research and the Bureau of Public Safety.

 

The National Petroleum Authority (NPA) on Wednesday, August 11 2021, organized a one-day workshop for media practitioners to educate them on what exactly goes into the pricing of petroleum products in the country.

The event held at the Conference Hall of the NPA was attended by journalists who work with various media houses across the country.

Chief Executive Officer of the NPA, Dr. Mustapha Hamid in his address at the event, said the ultimate goal of the workshop is to ensure that the general public is well informed on the issues of petroleum pricing.

This according to him is the reason why the NPA decided to engage the media on the pricing of petroleum.

Escalation in prices of petroleum and its rates has become an issue of national discourse, for this reason, Dr. Mustapha entreated media personnel to be knowledgeable rather than been un informed and uneducated.

He explained that the increment of prices in petroleum is determined by the forces of demand and supply as well as international geopolitics amongst others.

“The issue of Petroleum pricing should not be an NDC and an NPP matter because petroleum pricing basically drives the economy, drives agriculture, drives the market and drives productivity in work places and so on and so forth” he noted

According to him, Journalist have become very influential as far as nation building is concern and when flipped he said, could be influential in nation destruction as well.

He duly noted that an educated journalism fraternity on petroleum pricing mechanism in a deregulated environment is very critical for the survival of the nation, and for the peace the nation.

Dr. Mustapha Hamid on behalf of the NPA, appealed to journalists not to make petroleum pricing an NPP or NDC matter in the country.

 

Source: dailyguidenetwork

Let’s Be Safety Compliant To Avoid Accidents In Petroleum Sector - NPA Boss

The newly appointed Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has urged operators of fuel stations and managers of petroleum depots to ensure safety compliance to avoid accidents.

He underscored the need for players in the sector to work together to achieve ‘zero accidents’.

Dr. Mustapha Abdul-Hamid made the call when management and staff of Chase Logistics climaxed ‘1000 Days of Lost Time Injuries’ at Tema Tank Farm last Friday.

He noted that many Ghanaians are worried about recent increases in petroleum related accidents involving various fuel facilities and tankers.

According to him, these incidents, which are mostly avoidable, do not only result in physical loss of lives and properties but psychological consequences as well.

“We need to operate safely as an industry to regain the confidence of the general public in our operations.

“We are all aware that, most residents are apprehensive about the siting of fuel related facilities within their communities because of the fear of accidents. Compliance to safety standards will result in no accidents, thereby, boosting the confidence of the general public in the operations of these facilities,” he advised.

Speaking on the theme: ‘Advancing a culture of excellent health and safety standards in the petroleum industry: A key to sustainable development of Ghanaian economy’, Dr. Mustapha Abdul-Hamid noted that the petroleum industry is the engine of growth of the Ghanaian economy.

He, therefore, stressed that “we strive to carry out our operations in an efficient and safe manner to achieve sustainable development of the Ghanaian economy.”

Dr Mustapha Abdul-Hamid said NPA is committed to developing and improving safety standards in line with international best practices and ensure all operators strictly adhere to such.

To this end, he said NPA, as part of measures to ensure safety and reduce accidents involving Bulk Road Vehicles(BRVs), has teamed up with the Driver and Vehicle Licensing Authority (DVLA) and Road Safety Limited (RSL) to train BRV drivers on general defensive driving, Safe Loading & Unloading Procedures, Basic Fire-Fighting and Emergency Response, among others.

“I also entreat all depots to ensure that the pre-loading checks on these BRVs are thoroughly carried out to confirm their safety status, before they are loaded with petroleum products,” he advised.

He commended management of Tema Tank Farm for being safety compliance and urged them to keep up the high standard and not compromise on safety at anytime.

NPA BOARD INAUGURATED 

The newly reconstituted board of directors of the National Petroleum Authority (NPA) was, today, inaugurated with a call on members to be keen on quality assurance within the downstream petroleum value chain.


Inaugurating, the Minister of Energy, Dr. Matthew Opoku Prempeh, further stated that in an era where petrochemical products are wrought with changes locally and internationally even in terms of specifications, design and pricing, there must be strong leadership to avert consumer perception challenges and controversies.


He also reminded them that the petroleum downstream industry requires vigilance, proactiveness, transparency and constant stakeholder engagement and "I pledge my readiness to support them. I have full confidence in the board’s ability to make the NPA a regulator worth its salt in the energy sector.

The NPA Board is chaired by Mr. Joe Addo-Yobo.

NPA Boss, Mustapha Abdul-Hamid and Diana Mogre are part of the board.

Kwami Sefa Kayi, Manuel Sawyyerr Esq., Clement Osei Amoako, Bernard Owusu, and Dr. Nana Agyei Baffour Awuah are also members.

 

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