Tag: local content
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Govt. urged to ensure full implementation of local content law
Energy analyst, Benjamin Nsiah has emphasized the crucial role of relevant stakeholders in ensuring the full implementation of the local content policy to foster the growth of the local economy. He highlights the importance of leveraging the recent developments in the oil and gas industry, particularly the commissioning of Jubilee South East in the Western…
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80 percent of registered indigenous Petroleum companies not active
Despite the Petroleum Commission’s claim that local content participation in Ghana’s oil and gas sector is improving, it says more than 80 percent of indigenous companies registered with the Commission are currently not operational due to limited capacity. Speaking to Citi Business News on the sidelines of the Local Content Conference in Takoradi, the Business…
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Petroleum Commission to deal with locals fronting for foreign firms
The Petroleum Commission has served notice it will revoke the licenses of local companies that front for especially foreign firms in the petroleum sector. The practice where local companies assume corporate images of foreign ones to enable them access some incentives for their operation has been cited as a major challenge for operators in the…
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Tullow Ghana celebrates suppliers for supporting local content development
One of the leading oil and gas companies in Ghana, Tullow Ghana, has celebrated its suppliers for their dedication to local content development. The event was held at the Accra Mariott Hotel. In his keynote address, the Executive Vice President of the company, Kweku Andoh Awotwi, hailed the suppliers for their local content drive and encouraged them…
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Ghanaian workers at ENI agitate over unequal pay
Ghanaian workers at ENI, an Italian oil and gas company operating in the country, are agitating over what they call unequal pay structure at the company. The workers say their conditions of service are far below industry levels and want the discrepancies fixed. The concerns by the workers, Citi Business News understands has been triggered…
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Local suppliers in oil and gas industry awarded US$453m worth of contracts in 2018
Indigenous Ghanaian companies operating in the oil and gas sector received more than US$450 million worth of contracts for the supply of goods and services in 2018. According to a report prepared by the Finance Committee of Parliament, the Ghanaian participation in the upstream petroleum industry was on the increase in the period under review.…
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AGI demands swift passage of local content law
The Association of Ghana Industries (AGI), is pushing for the speedy passage of a local content policy to address what they describe as the imbalances in the construction industry. A local content policy, the association says, is urgently required to increase the opportunities and incentives for local construction firms. The AGI believes this should help…
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Petroleum Commission halts fast paced contract approvals
The Petroleum Commission has warned that it will not approve any petroleum contract that does not fulfill the three months’ mandatory notice ahead of its implementation. The caution follows what the Commission describes as the abuse of the law by oil companies. According to the CEO of the Petroleum Commission, Egbert Faibille, the issue also…