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KNUST organizes confab on oil and gas

oilA THREE -DAY conference on oil and gas has opened at the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi. It has the theme:The Emerging Oil and Gas Industryin Ghana: Social Dimensions”.

The conference is being attended by 50 policy makers, academia, service providers, oil and gas industry planners from the United Kingdom (UK); Nigeria, Angola, Switzerland and Ghana, and is aimed at safeguarding the social dimensions for the development of the oil and gas industry in the country.

The Provost of the College of Agriculture of the KNUST, Prof. ,Samuel Abaidoo, opened the conference on behalf of the Vice Chancellor, Prof. W. O. Ellis.

Prof. Ellis said the benefits of the oil and gas industry in many countries had not been evidenced only by the technological component in dealing with the exploration of the raw material and the processing of the products, but also how the social impact of the sector on society had been managed.

He added that it was expedient for lessons to be drawn from neighbouring countries where the benefits of the oil and gas find had also brought alongside social challenges to the society.

He said Ghana recently emerged as an oil producing country and had benefited from petroleum revenues since official production began in 2010 and it currently contributes significantly to the country’s Gross Domestic Product (GDP).

He urged the organisers of the conference to ensure that the various submissions reached the relevant government agencies and institutions for consideration to facilitate the requisite reforms, where necessary, within the oil and gas industry in the country.

Source: Daily Graphic

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