The Energy Minister Mr. Mathew Opoku Prempeh at the Ghana country spotlight event at the African Energy Week on the theme “Leveraging the Private Sector to Develop a Vibrant Oil and Gas Industry”, has called on African Oil and Gas decision makers to make a conscious effort at value addition in the value chain as it is one of the ways by which our respective citizens can fully benefit from the hydrocarbon potential.
The Minister indicated that a deliberate investment in infrastructure is also a key plank for accelerated growth as this is bound to catalyze interest in further exploration.
Mr. Prempeh further asked for the linkages between upstream and downstream to be harnessed on the continent to ensure value maximisation and retention. This, he said could be done by expanding the refining capacity and storage for crude oil and petroleum products and providing the appropriate infrastructure for petrochemical production and transportation of gas and petroleum products will provide these linkages. He cited Ghana’s serious efforts at revamping the nation’s refinery to support our economic growth.
He reiterated Ghana’s quest for massive investment in its upstream petroleum space and thus, asked investors and governments to partner our energy sector for continued development.
Speaking as a panelist on a Ministerial panel, on the theme “From Cape Town to Cairo: A common African Voice for COP27” He reiterated his strong position on Ghana leveraging on its hydrocarbon resources for economic growth backed by our national energy transition blue print. “We are transiting on our terms, because of our peculiar circumstances as a continent”.
Africa continues to deepen its stance on energy transition of not being against the transition in principle but asking for a just and an equitable one.
Source: Apexnewsgh.com/Ghana
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