Ghana has begun exporting refined petroleum, gasoline and gas oil to Nigeria,Burkina Faso, Niger, Mali and other West African countries, from the country’s Bolgatanga Petroleum Depot.
This was made public this week by Ghana Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, at the meet-the-press series in Accra. He said Ghana has plans to extend the exports to Liberia in the coming months.
In his address to the press, Mr Buah said Ghana had been ushered into a new gas era that would guarantee its energy security comfortably at least 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,”
Referencing President John Dramani Mahama’s State of the Nation Address in 2016, 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.
The West African nation of Ghana begun to pump its first commercial oil in 2010, after the discovery of the offshore Jubilee Field in 2007. Ex-President John Atta Mills turned on the valve at a an offshore platform.
According to Wikipedia.org, Ghana is believed to have up to 5 billion barrels (790,000,000 m3) to 7 billion barrels (1.1×109 m3) of petroleum in reserves, this makes Ghana the sixth largest in Africa and the 25th largest proven reserves in the world. It is also believed Ghana has up to 6 trillion cubic feet of natural gas in reserves.