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 promote the work of Ghanaian-owned oil giant bunker ocean- going vessels that berth at the Takoradi Port.
The Minister of Energy, Boakye Agyarko, whose speech was read by a deputy minister, Dr. Mohammed Amin Adam, particularly commended GOIL for leading the crusade in promoting local content which is a priority of government, adding that government will support such initiatives which 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, also 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.