The Ministry of Energy and the National Petroleum Authority have commended Ghana Oil Company (GOIL) for its commitment in promoting local content in the oil and gas sector.
The commendations were made at the commissioning of the company’s 13.5-million litre Marine Gas Oil Storage Facility at the Takoradi Port in Takoradi.
The Facility, solely financed by GOIL, will enable the Ghanaian-owned oil giant to bunker ocean- going vessels that berth at the Takoradi Port. 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.
The acting Chief Executive of the National Petroleum Authority, AlhassanTampuli, equally lauded GOIL for its pioneering role in ensuring local content and equity participation in the downstream petroleum sector.
The Authority, he announced, will set up a local content unit to monitor and enforce standards in the industry.