Ghana confident of creating sub-regional petrochemical hub
Government of Ghana seeks to transform its downstream petroleum sector into what will make the country the petro-chemical hub of the West African sub-region, Vice-President Mahamudu Bawumia announced here on Thursday. While performing the official opening of the three-day Ghana International Petroleum Conference, Bawumia explained that a petro-chemical hub was the next logical outcome of […]
Veep urges BDCs to consolidate
Ghana’s vision of becoming a petroleum hub may not be realized if oil service providers in the industry fail to consolidate their efforts, Vice President Dr. Mahamudu Bawumia has said. According to him, Ghana will be better positioned to compete within the sub-region if service providers like bulk oil distribution companies (BDCs) join forces. Speaking […]
Inject $300m into TOR or privatize it- Alex Mould
Former Chief Executive of the Ghana National Petroleum Corporation (GNPC), Alex Mould has stated that the Tema Oil Refinery(TOR) will need a capital injection of about $300 million to be able to operate efficiently. The country’s only refinery in recent times has not been able to operate at its maximum capacity due to production losses, […]
Oil & Gas experts caution gov’t against building more refineries
Some experts in the oil and gas industry are asking government to focus on building just one refinery rather than building four as proposed in the Petroleum hub project. According to them, the unpredictability in demands of petroleum products on the export market may not be favorable to Ghana. Local demand for petroleum products have […]
