Ghana’s Minister of Petroleum, Emmanuel Armah-Kofi Buah, stated that the state-owned Bulk Oil Storage and Transportation Company (BOST) has started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot, with exports to Liberia to commence in November, Vanguard reported.
Buah 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) Regulatory and Metering Station at Aboadze and indicated that Ghana Gas was awaiting WAPCo to interconnect, according to NAIJ. He added: “In the long term, a 290km onshore pipeline to ensure gas supply reliability and downstream infrastructure expandability is planned.”
The Bolgatanga Petroleum Depot, with a capacity of 46m liters of refined gasoline and gas oil, was re-inaugurated in August 2015.
This comes as the country had been projected to become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d. At the time of the report, the West African country was producing around 103,000b/d ranking it ninth, far behind leaders Nigeria and Angola. Ghana’s highest oil production rates occurred in 2015 at 37.4mb, with the country earning just over $3b in petroleum revenues from 161.7bm of crude oil sold between 2011 and 2015.