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Business News of Sunday, 28 April 2019

Source: ghanaiantimes.com.gh

K-Petro to assist NPA in capacity building

NPA - National Petroleum Authority NPA - National Petroleum Authority

The National Petroleum Authority (NPA) and the Korean Petroleum Quality and Distribution Authority (K-Petro) have signed a Memorandum of Understanding (MoU) to collaborate and promote quality petroleum products.

K-Petro would assist the NPA with the needed support, including capacity building of its officers, to advance mechanisms to uphold petroleum quality and distribution in Ghana.

The two regulatory authorities would interchange petroleum resources and information technology to enhance the execution of their mandate in their respective countries.

Chief Executive Officer of NPA, Hassan Campoli and his counterpart, Son Joo-Suk, at a signing ceremony in Accra on Thursday pledged their commitment the collective efforts that would contribute to the reduction of carbon emissions.

Speaking through an interpreter, Mr Son said his outfit would ensure that necessary steps were taken to safeguard the quality of petroleum products distributed to consumers.

“We are committed to contributing to climate change and this signing is another demonstration of our commitment. As the world has adopted the Paris agreement, I wish today’s MoU will also lead to a global goal of reducing gas emission” Mr Son said.

On his part, Mr Tampuli said improving the petroleum quality and distribution systems were critical to the operations in the downstream sector adding that the collaboration with K-Petro would drive efforts several notches higher.