Meeting with different stakeholders, the Vice President Dr. Juldeh Jalloh said the purpose of the visit is to familiarize himself with oil marketers and to have deep knowledge about their operations; inspect the installation facilities and check their capacity to confirm that they operate effectively in a modern oil industry. This, according to him, will foster good relationship between the government and oil marketers.
Dr. Juldeh Jalloh maintained that since the oil industry is one of government agencies under his purview, his mandate is to ensure that investor confidence is restored and the tireless efforts of the current Petroleum Regulatory Agency boss, Baluwa Koroma are sustained in order to make it an enviable sector.
After his assessment, Dr. Juldeh Jalloh made it clear that the industry has huge potential for growth, but that that can only be achieved through compelling government intervention.
Visiting the government refinery, the PRA boss, Mr. Koroma said that it is an on-going government assessment to identify opportunities in the downstream sector that will stimulate investments to the total import volume and the growth potentials of the industry.
Chairman Koroma pointed out key areas to the Vice President for the government’s intervention. He emphasized on the cordial relationship his administration is enjoying with oil marketing companies and their quest to comply with government policies.