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Petroleum Commission to Insist on Advertising Contracts from April 1st

  • SOURCE: | qwesa2big
    • POSTED ON: February 20, 2018

    Ag. CEO of the Petroleum Commission. Mr. Egbert Faibille has indicated resolve of the Commission to insist on the advertisement of procurement needs by IOCs. Mr. Faibille stressed that the outfit is worried as the development also leads to the awarding of contracts to favourites. “…But from April 1, anybody in the upstream sector who has any contract of a hundred thousand dollars and above to give up, will have to submit that contract to the Petroleum Commission at least two months before the award of the contract so that we will get to know what is involved and will alert all those companies that could put in bids to do so; the time for short term and knee-jerk approaches is over,” he said. This was at the maiden Local Content Procurement Conference held in Accra on Monday which sought to bring IOCs and indigenous companies to share their requirement to enable indigenous companies to bid and win contracts in the upstream petroleum industry. Mr Faibille advised local Ghanaian companies to partner each other and team up, as well as seek partnership from well recognized international companies that have long term experiences and the technical competences so that they could win local bids and fully participate in the local industry.

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