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Govt delegation in Abu Dhabi to negotiate for petroleum products

Information available to JoyNews indicates that a government delegation is in Abu Dhabi negotiating a deal to bring petroleum products onto the Ghanaian market.

The Deputy Energy Minister, Andrew Egyapa Mercer, Managing Director of Bulk Oil Storage Transportation Limited, Edwin Provencal and National Petroleum Authority Boss, Perry Okudzeto are the key members leading the negotiation.

JoyNews understands that they have been scheduled to meet the Chief Executive of the Abu Dhabi National Oil Company (ADNOC), Sultan Al Jaber on Friday, November 4 to see how possible government can secure a cheaper fuel for the Ghanaian market.

The final details of this meeting are expected to be known after the meeting on Friday, November 4.

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.

According to him, the National Petroleum Authority (NPA) and the Ministry of Energy will provide further details about the importation of fuel onto the Ghanaian market in the coming days.

He noted that the Energy Ministry had already begun talks with some major sources and sovereigns in the supply of petroleum products.

“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 and it is a very similar arrangement that has already commenced and I am expecting that in the coming weeks the NPA, the Energy Ministry will have the opportunity to provide the details,” he said.

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