Experts to draw up policy for oil industry pg 3
THE Ministry of Energy has set up a committee of experts to draw up a security policy document for the emerging oil industry as part of measures to safeguard the industry. The policy is aimed at providing security for petroleum operations, installations and reserves. It will also protect the petroleum industry against acts of terrorism, sabotage, piracy and vandalism and render timely responses to emergencies in the oil and gas industry as well as prevent the diversion and stealing of petroleum products. The Minister of Energy, Dr Joe Oteng-Gyasi, made this known in a speech read on his behalf at a workshop to extend the Extractive Industries Transparency Initiative (EITI) to the oil and gas industry. The workshop would influence the formulation of a transparent EITI framework for the oil and gas sector in Ghana. The EITI supports improved governance in countries rich in natural resources through the full publication and verification of company payments and government revenues from oi...