Government delegation in Abu Dhabi to negotiate for petroleum products

According to information, a government delegation is reportedly negotiating a deal to introduce petroleum goods onto the Ghanaian market while in Abu Dhabi.

The negotiation is being led by the National Petroleum Authority Boss, Perry Okudzeto, Managing Director of Bulk Oil Storage Transportation Limited, Edwin Provencal, and Deputy Energy Minister Andrew Egyapa Mercer.

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They are expected to meet Sultan Al Jaber, the Chief Executive of the Abu Dhabi National Oil Company (ADNOC), on Friday, November 4, to discuss how the government might be able to acquire a less expensive fuel for the Ghanaian market.

After the meeting on Friday, November 4, the specifics of this meeting should be finalized.

It could be recalled that President Akufo-Addo in his broadcast to the nation last Sunday evening, revealed that his government is working to stabilise prices of petroleum products through new supply arrangements in a bid to tackle the high cost of living. The Information Minister in an interview on PM Express on Monday said government has commenced plans to secure cheaper petroleum products onto the Ghanaian market.

He stated that additional information regarding the importation of fuel onto the Ghanaian market will be provided in the upcoming days by the National Petroleum Authority (NPA) and the Ministry of Energy.

He pointed out that the Ministry of Energy has already started discussions with certain significant sources and sovereigns in the supply of petroleum products.

It is a very similar arrangement that has already started, and I expect that in the coming weeks the NPA, the Energy Ministry will have the opportunity to provide the details. “In President Kufuor’s time, we did it with Nigeria, Sahara lifting for us and you could have supply credit lines and a fixed price that you could bank on,” he said.

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