Petroleum Africa
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Sunday, October 9, 2016
In a switch of traditional roles, Ghana is now exporting fuel and gas oil to Nigeria. Africa’s latest rising production star, Ghana, will also export to Benin, Burkina Faso, Niger, and Mali.
The exports will be shipped to countries in the region from Ghana’s Bolgatanga Petroleum Depot run by the state-owned Bulk Oil Storage and Transport (BOST) Co. Ltd.
Ghana’s Minister of Petroleum, Emmanuel Armah-Kofi Buah, revealed the export news at a press briefing. 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.”
He went on to say “Ghanaians have been empowered to be at the forefront of the industry and a liberalized 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.”
The Bolgatanga Petroleum Depot, with a capacity of 6 million liters of refined gasoline and gas oil, was re-inaugurated in August 2015.
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