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Former Chief Executive of the Ghana National Petroleum Corporation (GNPC) Alex Mould has renewed calls for an independent investigation into the renegotiation of Aker Energy and government oil exploration deal.
Government last year renegotiated the deal to reduce the equity shares of Ghana and the GNPC to about 15 percent. This move was intended to give some incentive to Aker energy prior to the takeover of the Deep water Cape Three Point oil bloc from AGM Petroleum, the original company that acquired the block during the previous government.
According to Alex Mould, the move has no economic benefit to the state and should be reversed.