Moses Asaga (2nd right) speaking at the conference
A two-day Oil and Shipping Africa Conference has been held in Accra to deliberate on issues related to the petroleum industry in Africa and international shipping and bunkering.
The conference was organized by PETROSPORT with sponsorship from seven major oil giants, including Ghana Oil Company Limited (GOIL).
The session focused primarily on Ghana’s petroleum sector in the context of the global oil and shipping industry, as well as bunker fuel quality and fuel management challenges for the future in Sub-Saharan Africa.
The Chief Executive of the National Petroleum Authority (NPA) Moses Asaga, who read a speech on behalf of the Minister of Petroleum, underscored the maturity and resilience of Ghana’s petroleum sector after the implementation of the deregulation policy.
This, he said, has ensured sanity in the sector.
Touching on storage facilities for fuel, Mr Asaga disclosed that Takoradi Port was now ready to lift fuel in addition to the Tema Port.
He also noted that 50 percent of the country’s domestic consumption of Liquefied Petroleum Gas (LPG) is now being met by the Atuabo Gas facility.
Patrick A.K. Akorli, Managing Director of GOIL, reiterated that the company has made huge investments in the bunkering sector to meet anticipated demands.
He mentioned that the construction of the 13.5 million litre storage facility at the Takoradi Port and the completion of additional storage tanks at the Sekondi Naval Base showed that GOIL was poised to satisfy the needs of players in the sub-region.
Presentations on projected developments and an overview of the plan of activities of the Ghana National Petroleum Corporation (GNPC) were made at the conference by Chief Operating Officer, Michael Aryetey.