Tag: Petroleum hub
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New petroleum hub will give economy a major boost – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has expressed confidence in the ability of the upcoming petroleum hub, saying it will drastically improve the fortunes of Ghana’s petroleum industry. Parliament last year passed the Petroleum Hub Development Corporation Bill, to facilitate the establishment of a petroleum and petrochemical hub in the country, which will be provided with…
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Energy Ministry begins community engagement for 20,000-acre petroleum hub
The Ministry of Energy has begun community engagement for the acquisition of 20,000-acre plot of land for the Petroleum Hub to be situated at Bonyere in the Jomoro Municipality. Technical Advisor for the proposed 12-year Petroleum Hub Development project, Dr. Eric Yeboah, says the hub is expected to attract about 60 billion worth of investment…
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IES sceptical about feasibility of planned Petroleum Hub
The Institute for Energy Security (IES) says for government to succeed with its plans of establishing a Petroleum Hub in the Western Region, it is imperative that it gets the Tema Oil Refinery (TOR) back on its feet. Speaking to Citi Business News, Executive Director of the Institute of Energy Security, Nana Amoasi VII, indicated…
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Government to provide incentives to encourage private sector in funding petroleum hub
To turn Ghana into a petroleum hub in the West African sub-region with ultra-modern refineries, pipelines, storage facilities, and transportation facilities, private sector participation is needed. It is in this regard that the government is advocating for private sector companies to support the project which is expected to cost US$60 billion, with funds. On the…