Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

1st Oil From Jubilee Fields On Wednesday

The Euphoria for the first production of the oil from the Jubilee Field is high as Ghanaians wait patiently to celebrate the blessings on Wednesday December 15 2010, with fun fair, pomp and pageantry.

Radio Ghana caught up with the Deputy Minister of Energy in Charge of Petroleum, Emmanuel Kofi Buah who commended the technical team and other stakeholders for doing a good job within a scheduled time frame.

Mr. Buah also commended the government for introducing the Revenue Management Law to prudently and transparently manage the oil revenue for the benefit of all Ghanaians. He said this level of transparency is unmatched and has attracted international commendation.

On security at the Jubilee oil field, Mr. Buah said enough security arrangement has been done to ensure that the oil find is a blessing.

Meanwhile, Ghanaians have been speaking about how they feel as they expect the first commercial quantity of oil to be pumped out of the Jubilee Oil Fields. While some say it is another blessing God has bestowed on the nation, others are very much concerned with the issue of collateralisation of the oil and asked government to tread cautiously.

First, Dan Markin, Chairman of the Railway Governing Board expresses his joy. A banker, Alhaji Baba also believes it is good news to produce oil but cautioned Ghanaians not to expect too much. A member of the Board of Ghana Energy Commission, Kofi Wayo, was not happy that government has not been able to put up a refinery at Takoradi to process the oil for maximum benefit.

The Executive Director of Ghana Integrity Initiative, the Local Wing of Transparency International, Vitus Azeem, says he is pleased that Parliament is going through the legal framework to come out with a relevant law to regulate the drilling of oil.
http://business.peacefmonline.com/news/201012/116812.php

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Prof. Thomas Mba Akabzaa Chief Director of Ministry of Petroleum          …
Follow Us Online
Join the Discussions

Summary: Revenue mobilization from the oil sector for Agricultural production in Ghana, a myth or reality?

Agriculture, once considered the backbone of Ghana’s economy recorded a reduction of its contribution to GDP from 45% in 1992…

Responses Add your response


About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar