Ghana’s GNPC to Supply Local Refineries

Ghana’s GNPC to Supply Local Refineries

The Ghana National Petroleum Corporation (GNPC) will sell crude from its new TEN field to the country’s under-supplied refinery, instead of shipping it all offshore as it currently does , Reuters reported.

GNPC’s CEO, Alex Mould said, “we are prepared and willing to supply crude to the Tema Oil Refinery and any other eligible bulk consumer in Ghana.” He added that the refineries will have over come their periodic financial troubles to meet GNPC payments.

GNPC holds a 15% stake in addition to government royalties in the Tweneboa, Enyenra and Ntomme (TEN) offshore field, which aims for average production of 80,000b/d, according to Yahoo Finance.

The majority of Ghana’s oil production is shipped abroad, mostly to China, while local refineries struggle to bring in enough crude to run at capacity.




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