The main Executive of the National Oil Authority (NPA), Dr . Mustapha Abdul-Hamid, has invited essential oil investors in the United Arabic Emirate (UAE) to take benefit of Ghana’s favourable petroleum marketplace environment and invest in infrastructures in the country. He mentioned essential oil jetties, pipeline and submission infrastructures, refineries and fuel processing plants, storage plus loading gantries as locations for grab by traders. Dr Abdul-Hamid who was talking at an Energy Investment Discussion board organized by the Ministry of one’s on the sidelines of EXPO 2020 in Dubai, UAE, said the establishment associated with NPA removed restrictions for the establishment and operations associated with facilities, and importation associated with crude oil and petroleum items. He mentioned that it has additionally created a reliable legislative plus regulatory regime that has shipped for the country a downstream industry, whose contribution towards the economy has grown more than four-fold, with private players – both local and global – forming a major portion of the industry. Touching on why the necessity to invest in Ghana petroleum downstream industry, the NPA Employer said “our unique physical position along the coast associated with West Africa, democratic balance and security require that people provide leadership in developing an integrated infrastructure to function the sub-regional petroleum business. ”Mr. Charles Owusu, the main Executive of Petroleum Center Development Corporation, on his component said government would provide each economic and regulatory bonuses to investors such as business tax exemptions and waivers. “These waivers will cover transfer duties and taxes plus levies on machinery plus equipment” he added. He or she also stated Ghana had been ready to reduce corporate taxes rate from 35% in order to 15% after a 10-year taxes holiday for petroleum industry investors. Send your information stories to [email protected] and via WhatsApp on +233 202452509Related Subjects: FeatureGhana