Government of Ghana and key stakeholders in the petroleum upstream sector have begun the process of revising the current National Energy Policy (NEP) to provide and ensure efficient petroleum activities in the sector.
The West African country’s Minister for Energy, John-Peter Amewu revealed this during the just ended 11th International Upstream Conference held in Accra.
According to Goldstreets Business, the minister explained that the move would ensure the realization of optimal long term petroleum resource utilization for the utmost benefit of the State as well as attracting the needed investments in the sector.
The revision of the Policy would also ensure the necessary regulations and policies streamlined to in order to take advantage of the emerging opportunities in the sector whiles ensuring minimal or no adverse consequences.