By Dominic Hlodzi
The Chief Executive of the National Petroleum Authority, Dr. Mustapha Abdul-Hamid, has encouraged petroleum investors in the United Arab Emirates, UAE to take advantage of Ghana’s favourable petroleum sector and invest in the country. He mentioned oil jetties, pipelines and distribution infrastructure, refineries and gas processing plants, storage and loading gantries as areas the investors can venture into.
Dr. Abdul-Hamid was speaking at an Energy Investment Forum organised by the Energy Ministry as part of the EXPO 2020 in Dubai, UAE. He stated that restrictions on the establishment and operations of facilities, and importation of crude oil and petroleum products have been removed.
”Ghana’s unique geographical position along the coast of West Africa, democratic stability and security require that it provides leadership in building an integrated infrastructure to serve the sub-regional petroleum industry”, he posited.
The Petroleum Hub Development Corporation Chief Executive, Mr. Charles Owusu said the government would provide both economic and regulatory incentives to investors such as corporate tax exemptions and waivers.
Read more: National Petroleum Authority
