Ghana Starts Fuel Exports to Nigeria and Other West African Countries

According to THISDAY:

In a development bound to bring shame to Africa biggest oil producer, Ghana has started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot run by the state-owned Bulk Oil Storage and Transport (BOST) Company Limited.

Ghana’s Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, made this known yesterday at press briefing in Accra, adding that there were plans to extend the exports to Liberia in the coming months. The minister said the vision of the government was to make Ghana the hub for the distribution of petroleum products in the West African sub-region.

The Bolgatanga Petroleum Depot, with a capacity of 46 million litres of refined gasoline and gas oil, was re-inaugurated in August 2015. Buah said Ghana had been ushered into a new gas era that would guarantee its energy security for the next two decades.

Despite the global downturn in the oil industry, we have managed to increase production.

“Ghanaians have been empowered to be at the forefront of the industry and a liberalised petroleum downstream sector with strong private sector participation where product availability, competition, better customer service and lower prices are making Ghana the preferred destination for doing business in the sub-region,” he said.

Share on Google Plus


Post a Comment

Thanks For Visiting My Blog...