The Chief Executive of the National Petroleum Authority, (NPA), Dr. Mustapha Abdul-Hamid says Ghana is best placed to attract investments into its Petroleum Hub because of political stability, geographical location, robust downstream sector, and its high quality crude oil.

Speaking during the official ribbon cutting ceremony at the Ghana delegation pavilion at this year’s Offshore Technology Conference, (OTC) in Houston, Texas, Dr. Abdul-Hamid said the NPA will vigorously support the establishment of the Petroleum Hub by undertaking strong engagements with investor communities to be able to attract investments into the country.

He continued, saying, the authority will ensure it plays its regulatory role by providing licences and permits for the establishment of the refineries, distribution and transportation infrastructure, storage facilities, among others.

“It will also monitor the quality of petroleum products to ensure they meet specified standards”, he stressed.

The proposed Petroleum Hub, which is estimated to be $60 billion has four key infrastructure: refineries, petrol chemical plants, storage facilities and jettys.

The OTC is an annual event which provides energy professionals from various countries with the opportunity to meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.