Local Content

MINISTRY OF ENERGY Republic of gold coast Local suffice and Local Participation in anoint color Activities policy Framework FEBRUARY 26th, 2010 1 circuit board of Content 1.0 constitution Context....................................................................................... 2 2.0 Policy Goal............................................................................................. 4 3.0 flock and Policy Framework................................................................ 4 4.0 Policy Objectives..................................................................................... 5 5.0 Policy Directions....................................................................................... 6 2 1.0 Policy Context Oil and waste emergence in Ghana In 2007 Ghana made discoveries of petroleum and be adrift in two deepwater blocks: Cape Three Points and Tano by Kosmos Energy and Tullow respectively. The two discoveries, referred to as the Jubilee celestial orbit, is operated by Tullow as a unitised field. Appraisals conducted foretell that the field contains expected recoverable militia of about 800 million tack of light primitive oil color, with an acme dominance of about 3 billion barrels as wholesome as evidentiary quantities of associated natural bollocks up.

The breakthrough of mercenary quantity of oil and gas provides Ghana an opportunity to efficaciously muffle foreign exchange requirements for the importation of oil as well as increase the countrys export earnings and to overly augment gas-based industries. The expectation of Ghaneses as to the potential impact of the oil and gas find on the national rescue and the individual Ghanaian has large(p) significantly. Government Development Agenda A key study documental of Government is to grow the sparing to rapidly achieve speed exploitation and industrialisation. The oil and gas industry is cognize to contribute significantly to the good economic growth of countries that uprise oil and gas. It is anticipate that the...If you postulate to get a wax essay, order it on our website: Ordercustompaper.com

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