<\/p>\n
Dr. Mohammed Amin Adam (2nd<\/sup> left) and some members of the Ghanaian delegation <\/em><\/strong><\/p>\n MOHAMMED Amin Adam, Deputy Minister of Energy, has urged investors to take advantage of Ghana\u2019s favourable petroleum market environment because its fiscal regime is investor friendly and offers higher returns to investors.<\/p>\n Speaking at an investment forum on the side-lines of this year\u2019s Offshore Technology Conference (OTC) in Texas, USA, where the world\u2019s elite energy professionals met, Dr. Adam said \u201cthe licensing regime is transparent, and provides investor certainty and flexibility.\u201d<\/p>\n He mentioned that Ghana was aspiring to become a hub for refined petroleum products and petrochemicals in the West African sub-region and there were numerous petroleum downstream opportunities available.<\/p>\n \u201cGovernment has therefore designated a free zone area for the development of petroleum and petrochemical refineries, storage, and transportation facilities for the export of products to largely African markets. This requires collaboration with the private sector to achieve the objectives of the hub,\u201d he emphasised.<\/p>\n The deputy minister stated that government established the Ghana Petroleum Hub Corporation which was necessitated by investors\u2019 demands for removal of \u201cregulatory fatigue, red tapes and long leads times in project development.\u201d<\/p>\n That, he said, was to facilitate the issuance of permits and licences to potential investors \u201cand to play a rapid response role in addressing the challenges investors encounter in delivering on projects.\u201d<\/p>\n In a related development, Dr. Amin Adam, at a brief ceremony, officially opened Ghana\u2019s pavilion at the OTC, at the NRG Park in Houston Texas.<\/p>\n The OTC, an annual event, provides energy professionals with the opportunity to meet to exchange ideas and opinions, to advance scientific and technical knowledge for offshore resources and environmental matters. It has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia.<\/p>\n A business desk report<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Dr. Mohammed Amin Adam (2nd left) and some members of the Ghanaian delegation MOHAMMED Amin Adam, Deputy Minister of Energy, has urged investors to take advantage of Ghana\u2019s favourable petroleum market environment because its fiscal regime is investor friendly and offers higher returns to investors. Speaking at an investment forum on the side-lines of this […]<\/p>\n","protected":false},"author":1,"featured_media":1077024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[250,177,709,9268,3408,60],"class_list":["post-1077022","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ghanas","tag-higher","tag-industry","tag-offering","tag-petroleum","tag-returns"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1077022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1077022"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1077022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1077022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1077022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1077022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}