Gulf Oil and Gas accountACCOUNT

Ghana Mulls Doubling Capacity of Planned 2nd Oil Refinery

Source: Bloomberg 3/7/2017, Location: Africa

Share |
The operator of Ghana’s sole oil refinery said the planned capacity of a proposed second plant could be doubled as the West African nation targets exports to neighboring countries. Tema Oil Refinery will complete studies next year to build a 200,000 barrel-a-day plant in the port city, 30 kilometers (19 miles) east of the capital, Accra, Managing Director Isaac Osei said in an interview. Output at the existing 45,000 barrel-a-day plant has been slashed by an explosion at its crude distillation unit in January.

“We need that refinery to strategically position ourselves to service other countries, especially land-locked countries,” Osei said in Tema. He declined to say how much the plant will cost or how it will be funded. Nations in the region such as Togo, Burkina Faso and Mali have no oil-refining capacity.

Former President John Mahama said in May that a new plant would be designed with a capacity of 100,000 barrels a day. Ghana’s output of crude, which started in 2010, is forecast to reach more than 240,000 barrels a day by 2021 as operators such as Tullow Oil Plc increase output.

Infrastructure Investments

Osei, 65, was appointed in January following the election of President Nana Akufo-Addo the month before when his New Patriotic Party defeated the National Democratic Congress. The NPP has pledged to accelerate growth by investing in infrastructure and processing commodities that are produced locally such as oil.

For now, production from the existing Tema refinery has been limited to 28,000 barrels a day, Osei said. “The broken furnace has been isolated and works on other components are under way,” he said.

Oil Treating & Refining News in Ghana >>

Russia >>  10/12/2017 - The first batch of a new improved environmentally friendly marine fuel* has been produced at the Omsk Refinery. The fuel’s minimum sulphur content —of...
Austria >>  10/11/2017 - Product markets in the Atlantic Basin improved further in September at the top of the barrel on the back of higher gasoline demand. The middle distil...

Cuba >>  10/7/2017 - Rosneft Chief Executive Officer Igor Sechin held a working meeting with Minister of Energy and Mines of the Republic of Cuba Alfredo Lopez and Ambassa...
Austria >>  10/2/2017 - Refinery utilization in the US recorded historical levels in August, despite plummeting towards the end of the month as Hurricane Harvey started to ma...

Malaysia >>  10/2/2017 - Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of i...
Syria >>  9/26/2017 - Iran's Research Center of Petroleum Industry (RIPI) is to launch a refinery in Syria, a RIPI official said. Addressing a press conference on the cente...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Ghana >>

More News

 

Oil & Gas Companies in Ghana >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.