Ghana to Start Exporting Oil to Nigeria and Other Countries

By Ikenga Chronicles October 8, 2016

Ghana to Start Exporting Oil to Nigeria and Other Countries

In a rather twist of events, Ghana has started exporting fuel 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.

He said the Ghana Gas Company (Ghana Gas) had completed the extension of its pipeline to the battery limit of the West Africa Gas Pipeline Company’s (WAPCo’s) Regulatory and Metering Station at Aboadze and indicated that Ghana Gas was awaiting WAPCo to interconnect.

“In the long term, a 290-km onshore pipeline to ensure gas supply reliability and downstream infrastructure expandability is planned.”

He said the feat was achieved up following the restructuring of BOST, which had been successful in ensuring the availability of petroleum products in the country.

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