The Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have agreed to strengthen consultation and collaboration on issues affecting Ghana’s downstream petroleum sector.
The agreement followed a meeting between the two industry associations, COMAC said in a Facebook post on Wednesday.
The discussions reaffirmed the importance of transparency and regular dialogue, with both associations agreeing to keep each other informed of their positions on significant industry matters.
“The Chambers agreed that, given their shared interest in the development of the downstream petroleum sector, it is important for each institution to be adequately informed of the other’s position on significant industry matters,” COMAC said.
Both associations also agreed to consult each other before taking positions on major issues, particularly those with wider implications for the sector.
They agreed to meet quarterly or every six months to discuss emerging developments, exchange views and identify opportunities for joint action.
Research, policy engagement and regulatory compliance were identified as key areas for collaboration.
The meeting also addressed challenges facing the sector, with both associations discussing possible solutions and agreeing on next steps.
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