Petroleum Exploration Bill Opposition grows over bill to allow Minister to negotiate oil deals

The bill also grants the sector minister the power to override the outcome of competitive bidding in the award of contracts but with a caveat to publish such deals in the national dallies.

  • Published: , Refreshed:
The bill also grants the sector minister the power to override the outcome of competitive bidding in the award of contracts but a caveat to publish such deals in the national dallies. play

The bill also grants the sector minister the power to override the outcome of competitive bidding in the award of contracts but a caveat to publish such deals in the national dallies.

24/7 Live - Subscribe to the Pulse Newsletter!

The Minority in Parliament has opposed a new petroleum bill that will allow the sector minister to negotiate and sign oil contracts.

The bill also grants the sector minister the power to override the outcome of competitive bidding in the award of contracts but with a caveat to publish such deals in the national dallies.

READ MORE: Master plan to streamline gas production

According to the minority, the provision to allow the minister such powers will defeat calls for transparency and fairness in the oil sector.

"We need to ensure there is transparency and accountability in the oil industry,"  Isaac Asiamah told Joy FM. "And that is what industry players have called for  -that we need to make sure that our laws are in tune with modern practices."

According to him, the clause granting the minister the power to override decisions is against transparency, urging that the bill should be "thrownout."

The deputy Executive Director of the African Centre for Energy Policy (ACEP), Benjamin Boakye also opined that giving the minister the power to override the outcome of a competitive bidding is "huge discretion given to one man to take a decision in the industry."

He said there should be compelling reasons why the outcome of a competitive bidding for oil blocs or contracts would have to be cancelled.

Boakye said the the minister's reasons should be published for people to know.

He further called for the minister's discretion to be regulated because it could be "dangerous" for the industry.

READ MORE: Petroleum Exploration and Production bill re-laid before Parliament

But the Vice Chairman of the Energy and Mines Committee of parliament,  Adam Mutawakilu, has defended the bill, saying the bill ensures transparency.

He said the bill allows competitive bidding under clause 10 subsection 3.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Poverty Gap Ghana’s policies make the rich wealthier – UNbullet
2 Job Creation Nation Builders Corps to be launched end of April - Bawumiabullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 May I take Your Order It's ‘Chop Time’ at Achimota Mallbullet
7 In Upper East 2 men killed in daylight bank robberybullet
8 SSNIT Scandal 10 SSNIT staff with fake certificates...bullet
9 Newmont Deaths Investigative report to be out by end of...bullet
10 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 Entrepreneurship How to be resourceful as an entrepreneurbullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business