Dr Oppong believes the influx of OMCs has created a chaotic environment that makes it nearly impossible for regulators to maintain control.
The CEO of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong, has called on underperforming Oil Marketing Companies (OMCs) to consider merging with stronger players to create a more sustainable industry.
The President noted that Mr. Krapa, who has served as Minister of State at the Ministry of Energy since July 15, 2024, is credited with demonstrating exceptional diligence, professionalism, and a steadfast commitment to his responsibilities.
The oil sector in Ghana, has been a focal point of controversy and debate for several years, especially with the emergence of Springfield Exploration and Production Limited (SGL) and its ambitious claims regarding its oil discovery.
Speaking at the commissioning of a 515-megawatt power plant under the $1.2 billion Ghana Bridge Power Project at Kpone near Tema on Tuesday, November 19, the President assured Ghanaians that past power crises would not recur.
Dr Asante who was taking his turn at the Sunday edition of the Minister’s Press Briefing organised by the Ministry of Information said the company had for the past eight years remained committed to building local expertise in the mid and downstream gas sector.
Chief Executive of the Commission, Egbert Fabile Jnr called for reforms to the country’s legal framework on oil explorations.
Speaking on the state of the petroleum industry, he highlighted key challenges that have discouraged exploration and production activities, contributing to a consistent drop in oil and gas output over recent years.
The Petroleum Hub is expected to ensure that all homes and industries in Ghana have access to reliable, affordable, and environmentally sustainable energy supply while creating 780,000 direct and indirect jobs for Ghanaians.
All priority areas such as agriculture, including fisheries; physical infrastructure and service delivery in education and health; and roads, rail and other critical infrastructure received funding in the period under review with the exception of industrialisation.