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The MoU built on plans unveiled during the COP27 summit (Photo: Facebook/EGYPS - Egypt Petroleum Show)

Under the MoU, the statement said, Chevron will collaborate with our strategic partners like
will carry out methane and decarbonisation Chevron to further drive emissions reduction
study tours for Egyptian delegations at its own and reduce the carbon footprint of our hydro-
facilities in the US and at other sites. These carbon resources.”
tours are designed to help ministry employees Neff also hailed the MoU, saying: “Chevron
become more aware of methane control tech- believes that reducing the carbon intensity of
nologies and measurement practices and also our industry is an important step to address
familiarise themselves with efforts to cut carbon climate change and collaboration is imperative.
emissions effectively, it noted. Since last year, we have been working with the
El Molla said at the signing ceremony that Egyptian Ministry of Petroleum and Mineral
the MoU would help Cairo achieve its policy Resources on an agreement related to develop-
goals. “Decarbonisation is a core element of the ing and strengthening best practices on methane
Egyptian Ministry of Petroleum and Mineral abatement. Together, we recognise the impor-
Resources’ strategy,” he commented. “Due to its tance of programmes [that] will support minis-
significant global warming potential, reducing try employees to expand the necessary skills and
methane emissions is key to supporting positive knowledge to advance a methane management
climate action. Therefore we are prioritising the and ultimately a carbon reduction strategy in
reduction of methane emissions from Egypt’s Egypt’s energy sector.”
oil and gas sector, in line with Egypt’s member- Chevron did not say in the statement when
ship in the Global Methane Pledge. Building on the parties intended to begin implementing the
the success of COP27 Decarbonisation Day, we agreement. ™

Ghana pump prices to drop with fuel

deliveries under “gold for oil” scheme

GHANA GHANAIANS can look forward to competitive “It’s 35,000 tonnes of gasoline. The following
prices as the pump with the delivery of 155,000 week, another 40,000 tonnes will arrive, fol-
tonnes of petroleum this month under the “gold lowed by another 40,000 tonnes that same week,
for oil” scheme, Pulse News reports. and then another 40,000 tonnes in the last week
The government rolled out the scheme in of February. So God willing, there will be four
November to allow for the payment of imported by the end of February,” he told Accra-based
petroleum with gold rather than US dollars in Citi FM. “By the end of February, I can bet you
the wake of a foreign exchange shortage. that you will see that the prices will be extremely
Bulk Oil Storage and Transportation (BOST) competitive. By the end of March, we will see
managing director Edwin Provencal said last more. We know what we are getting now and
week that the next shipment under the scheme what we got in the past from the suppliers. It will
was due to arrive on Sunday, February 19. definitely reflect at the pumps.”

P12 www. NEWSBASE .com Week 08 23•February•2023