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A total of $ 799 million upstream oil industry contracts were awarded to Ghanaian companies and joint ventures last year, in accordance with the Local Content and Local Participation Act.
Of the amount, $ 453 million of contracts were to Ghanaian companies and $ 346 million to joint ventures.
In addition, Aker Energy awarded $ 40.3 million worth of contracts to joint venture companies in accordance with its local content obligations.
Energy Minister John Peter Amewu, who told reporters at the Meet-the-Press series in Accra on Tuesday, said that more than 75% of people working in the US oil industry upstream were Ghanaians.
He added that as a result of the government's aggressive implementation of the Local Content and Local Petroleum Participation (LI 2204) Regulations 2013, a significant number of Ghanaian companies have registered with the Petroleum Commission. to participate in the upstream petroleum sector.
Mr. Amewu stated that the rigorous the promotion of the Joint Undertakings pursuant to Rule 43 (1) of L.I 2204 had also improved the participation Aboriginal businesses in the sector.
"By the end of September 2018, about 600 indigenous Ghanaian companies were registered with the Petroleum Commission to provide goods and services to oil and gas companies," Amewu said. .
The minister said last February that the Petroleum Commission has launched the petroleum registry, a register of petroleum agreements, licenses, permits and authorizations to ensure fairness, transparency and predictability of the sector.
Therefore, this would allow civil society organizations and citizens to be united on a single platform to monitor all upstream petroleum activities and hold citizens accountable. the government.
This decision, he said, would give the country the opportunity to attract well-known oil and gas companies with the necessary capital and technical capacity around the world to invest in the country's geological basins.
Mr. Amewu pointed out that in order to enhance the competitiveness of local businesses and to provide education, training, research and development in oil and gas, the Petroleum Commission had opened a fund account. local content in accordance with Article 64 of the Petroleum Law, 2016 (Law 919).
In addition, a secretariat has been established to manage the implementation of the Fund this year, while the management and administration of the Fund and its guidelines have been finalized and awaiting approval.
The minister said the fund would provide financial resources to small and medium-sized Ghanaian indigenous businesses to help them participate in oil and gas activities.
Moreover, the Petroleum Commission had been tasked with developing an electronic portal system (electronic portal) to fill the asymmetry of information bias against Ghanaian companies.
"Our goal with this portal is to have an open and more accessible platform for businesses, especially local businesses, so that they can participate in the call process." sector offers, "said Amewu.
"The portal will provide Commission registered companies with easy access to procurement plans and real-time notification of tenders."
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