The Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, explained that the Bill had to be withdrawn due to certain global developments in the oil and gas industry.
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But the Africa Center for Energy Policy (ACEP) described the withdrawal as an attempt to continuously push oil contracts through the House without the appropriate transparency measures.
According to ACEP, the more the Bill delays, the more oil blocks are being awarded without transparency.
The E&P Bill seeks to ensure that petroleum explorations are conducted in accordance with the principles of good governance, transparency and sustainable development
