Oil and Gas Information Resource Centre launched

An Independent Oil and Gas Information Resource Centre (IOGIRC), has been launched to provide comprehensive information on the oil and gas sector, especially within Ghana, to ensure transparency in operations of all stakeholders and players.

The IOGIRC is an independent institution under the Oil and Gas Capacity Building Project (OGCBP), with support from the World Bank and the Government of Ghana, established to operate as an interactive space for information on the oil and gas sector.

The Centre (http://oilandgasirc.org.gh/about-us/), which has been operating for the past two years, offers varied range of information on oil and gas sector, including regulations, oil and gas agreements, oil and gas companies, oil fields, government and non-government agencies and their roles, relevant academic institutions and training centres, sector statistics, industry analysis and current trends, forecasts, oil and gas revenue management, projects and research.

The OGCBP, a $ 57.80 million project, which started on May 20, 2011, would be brought to a close on December 31, 2017; and it aims at improving public management and regulatory capacity while enhancing transparency; and strengthening local technical skills in Ghana’s emerging oil and gas sector.

Dr Mohammed Amin Adam, a Deputy Minister of Energy, in-charge of Petroleum, who formally launched the Centre in Accra, said among the constraints to accountability in the oil sector, was the lack of good quality research on oil and gas for law makers, civil society and the media.

He said good research was necessary to inform and influence policy and legislative debates and serve as an effective check and balance, stating that “in addition, independent research on the sector outside of Parliament is limited

He noted that the establishment of the Centre was therefore, a reflection of Government’s commitment to support relevant research for the public discourse on policies, laws and regulations.