Indian Oil signs MoU with Ghana’s National Petroleum Authority
Indian Oil has signed an MoU with Ghana’s National Petroleum Authority (NPA) to offer assistance and technical expertise to the country in implementing its National LPG Promotion Policy. The purpose of this MoU is to strengthen cooperation between the two parties in the field of petroleum, in particular LPG, in which IOC would support the NPA in the successful implementation of the Cylinder Recirculation Model (CRM) of LPG.
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The MoU comes after India’s success in the Pradhan Mantri Ujjwala Yojana (PMUY) that provides clean fuel, and China’s Belt and Road Initiative (BRI) which aimed to invest about $8 trillion in infrastructure projects across Europe, Asia, and Africa. Indian Oil will provide support to the NPA in developing Health, Safety, Security and Environment (HSSE) Standards, a licensing, permit and legal framework, the economics for LPG bottling plants, a pricing structure, and a communication strategy.
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