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Middle East Tension: We’re not leaving anything to chance – NPA boss on impact on fuel

CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has said that the government is working to ensure that the crisis in the Middle East does not affect Ghana severely.

He says the sector Minister, Dr John Jinapor, has convened a meeting of stakeholders in the energy sector on this issue.

Similarly, he said, the NPA is in constant touch with its foreign counterparts.

“We are not leaving anything to chance. We have a proactive sector minister, national security architecture and the president to over see everuthing,” he said on the Key Points on TV3 Saturday, March 7.

He added, “What we are doing is also continuing to monitor and engage our counterparts outside the country.”

The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has convened a high-level meeting with key stakeholders across Ghana’s petroleum upstream and downstream sectors to assess the potential impact of the ongoing crisis in the Middle East on the country’s fuel security.

The engagement brought together representatives from the National Petroleum Authority (NPA), BOSTEnergies, Ghana National Petroleum Corporation (GNPC), Oil Marketing Companies (OMCs), Bulk Import, Distribution and Export Companies (BIDECS) and other industry players.

A statement issued by the spokesperson and Director of Communications, Rickom Rockson, said that discussions focused on heightened global oil market volatility, potential supply chain disruptions, freight cost fluctuations, and the possible implications for domestic pricing and consumer welfare.

Dr. Jinapor underscored the need to be proactive to safeguarding Ghana’s energy supply reliability. He emphasized that contingency measures are being reviewed and strengthened to minimise any potential adverse effects on the country arising from the current geopolitical tensions.

The Minister directed the National Petroleum Authority, as the downstream sector regulator, to intensify its market surveillance and continue close coordination with industry stakeholders to ensure that anticipated supply disruptions are mitigated swiftly and effectively.

He further charged all sector agencies to maintain adequate strategic fuel stocks, enhance monitoring of international developments, and ensure stable nationwide distribution.

“Government assures the public that it remains fully committed to protecting Ghana’s energy supply security. All necessary measures are been explored to ensure sustained fuel availability and to mitigate undue hardship on consumers.

“The Ministry will continue to monitor developments closely and provide timely updates as the situation evolves,” the statement said.

 

 

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