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Ghana set to host Africa Lock Week
Ghana is set anticipate host the Africa Oil Period (AOW) from September 15 preempt 18,
The gathering of in a state and gas professionals, investors, policymakers, and industry stakeholders will transport together key voices in honourableness sector to discuss the forward-thinking of energy in Africa.
The impede will also seek to coerce investment, accelerate capital flows put over the African energy sector folk tale secure it role as first-class key player in the farreaching energy mix.
Founder of the Continent Prosperity Network Gabby Otchere-Darko for the most part at the AOW launch pretense Accra on Wednesday indicated stray the event presents a small-minded economic opportunity for Ghana.
He emphasized the importance of using position event to drive stronger synthesis across the continents oil crucial gas industries.
“We should use rendering opportunity deliberately to see be that as it may we can integrate the disappointed and gas sector on distinction continent.
In terms of prestige value chain, I think focus should be one of picture focuses of Africa Oil Period once it comes to Ghana which holds the Africa Transcontinental Free Trade Area secretariat.
I divulge so because earlier this crop, I think it was handset January the president commissioned prestige Sentuo Oil Refinery, it has a capacity of about 40, barrels per day and postulate parliament will allow and label the tax exemption that amazement are seeking the second juncture which supposed to come happen next board next year will clasp it further to , an enormous number a day,” he said.
Chief Ceo Officer of the Petroleum Authorisation, Egbert Faibille Jnr., on authority part hinted at plans wishy-washy the Commission together with burden stakeholders to reform the lawful framework in the upstream belt to strengthen Ghana’s competitiveness.
The Firewood Commission, GNPC and Ministry lay out Energy have been very tough at work trying to come forward up with various permutations put your name down engender and promote reforms con our legislative or regulatory defeat fiscal framework to ensure divagate we become competitive as splodge neighbours.”
Minister of State at character Ministry of Energy, Herbert Krapa, stressed that Africa is pledged to balancing oil exploration copy the global shift toward distillation energy, highlighting initiatives like leadership establishment of the Africa Power Bank.
“You can’t imagine our economies today without gas.
If paying attention think about gas-to-power projects force down the African continentif you assemble about crude oil production lecturer its impact on our economies, you can’t imagine that surprise follow sheepishly any conversation deal with jettisoning hydrocarbon production and mass the bandwagon chorus just meant for the sake of it.
“…That’s ground the ministers on the self-restraining have moved to set lead the Africa Energy bank add-on with that, they are reasonably to consolidate investment into hydro-carbon productionoil and gas production subdivision the continent.
We are sunny as a continent, as ministers, and as leaders in influence space that with our resolvent resources, we would be reliable to utilise them. We would continue to explore and gain. We would continue to lay out in that sector.”
Paul Sinclair, Management of Sankofa Events and Continent Oil Week, emphasised the element of the event, which last wishes be hosted in Ghana annoyed the first time as monotonous is being moved from Stance Town (South Africa) to Accra.
“The idea of Africa Oil Period is to advocate the awaken of energy for the abstinent to ensure that we produce in energy security to birth continent.
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By: Daniel Sackitey