The partnership will promote closer collaboration between the two regulatory bodies
The Petroleum Commission of Ghana and Liberia's Petroleum Regulatory Authority have signed a Memorandum of Understanding (MoU) aimed at strengthening regulatory cooperation, knowledge sharing, and stakeholder engagement in the petroleum sector.
The agreement was signed as both countries seek to maximise the benefits of their hydrocarbon resources while navigating the challenges and opportunities presented by the global energy transition.
According to the Petroleum Commission, the partnership will promote closer collaboration between the two regulatory bodies in areas such as capacity building, technical expertise exchange, regulatory best practices, and institutional development.
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The MoU is also expected to facilitate the sharing of knowledge and experiences in petroleum resource management, helping both countries enhance governance and efficiency within their respective oil and gas industries.
Officials from the two institutions noted that stronger cooperation would support efforts to optimise the economic benefits of hydrocarbon resources while ensuring sustainable and responsible resource development.
The agreement further underscores the commitment of Ghana and Liberia to deepen regional collaboration in the energy sector and strengthen stakeholder engagement as the global energy landscape continues to evolve.
The signing of the MoU marks a significant step in advancing bilateral cooperation between the two countries and promoting the development of resilient and competitive petroleum industries in West Africa.
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