The Minister for Energy and Green Transition, John Abdulai Jinapor, held a crucial meeting with key players in the petroleum sector to address pressing issues with laycan management and downstream reforms.
The meeting brought together representatives from the National Petroleum Authority (NPA), COMAC, CBOD, TOR, BOST, COPEC and some industry watchers.
The primary focus of the discussion was the optimisation of laycan, the period during which a ship is available for loading or unloading.
The Minister emphasised the need for improved coordination and efficiency across the supply chain. The minister vowed to ensure the strict adherence to the laycan schedule unless necessary.
“As Minister, I take full responsibility for the challenges associated with the laycan. I do not want to engage in any blame games. I’ve spoken to some of you (petroleum players), and I appreciate the challenges. You have my commitment that we will publish a roadmap soon to deal with it,” Mr Jinapor stated
In addition to laycan, the meeting also delved into the critical area of downstream reforms.
These reforms aim to modernise the sector, improve operational efficiency and ensure a stable supply of petroleum products.
The Minister outlined the government’s plans to upgrade existing infrastructure by constructing another mooring system to deal with the current challenges.
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