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Article

19 Oct 2011

Author:
Stephen Yeboah, Ghana Business News

GNPC must block Shell’s interest in Jubilee field! [Ghana]

It is significant to mention that as much as Ghana is looking for multinational oil giants with technical capabilities, the country should not ignore the fact that some oil companies pose serious threats to economies. There is no gainsaying that engaging Shell in the Jubilee field will be dangerous for the economy of Ghana considering the company’s terrible track record in Nigeria’s oil-rich Niger Delta...Shell engaged in these dastardly acts simply because of weak regulatory frameworks governing oil exploitation. Ghana is not different here. There is no doubt that regulatory frameworks governing the oil and gas industry are lacking and weak...Shell is a powerful oil company and would capitalize on weaknesses in the laws for its gain. It is against this backdrop that I call on [Ghana National Petroleum Corporation] to reconsider their decision to award an oil block to Shell for exploration.