Ghana | Egypt Oil & Gas - Part 3

Tema Oil to Refine TEN Crude

Tema Oil Refinery (TOR) is set to begin processing Crude oil from Ghana’s Tweneboah Enyerra Ntonme (TEN) field from early January, Ghana Web informed. TOR’s Managing Director, Kwame Awuah Darko, who describes this dev...

Ghana’s Oil Importers Threaten Government

Ghana’s domestic oil importers threatened to take legal action against the government to recover interest on a $384m debt, Reuters reported. The African state’s cedi currency witnessed a significant declin...

Micoperi to Build LNG Terminal in Ghana

Micoperi has signed an engineering, procurement, and construction (EPC) contract for the Tema liquified natural gas (LNG) import terminal, which will be located near Accra, Ghana, Offshore informed. Under the contract...

Ghana Began Amandi Power Plant Construction

Ghana’s Amandi Energy has commenced construction of a $552m combined-cycle and dual-fuel power project in Aboadze, Power-Technology reported. The new 200MW plant is the only large-scale base-load independent power gen...

Ghana to Pump Gas from WAGL LNG Plant

Starting 2017, power plants within the Ghana’s Tema enclave will witness a significant improvement in the supply of natural gas for their operation, reported Ultimate FM. Ghana would receive its first gas from the Wes...

Ethiopia Inaugurated New Hydropower Plant

Ethiopia inaugurated a $1.57b hydropower plant along the Omo River in the country’s south region that will nearly double total electricity output to 4,238MW, Reuters informed. The Gibe III dam, which reaches 243...

Ghana Output to Reach 190,000b/d

Ghana’s oil output is to reach 190,000b/d by the end of 2016, Ecobank Research has revealed, Ecofin Agency reported. This is against the accumulated 110,000 barrels of oil currently being produced, with the Jubilee fi...

World Bank Extended Sankofa’s Funding by $517m

Two unit of the World Bank Group would provide another $517m to Ghana in debt and guarantees to support the $7.7b Sankofa oil and gas project developed by Italy’s ENI SpA and upstream trader Vitol Ghana, Reuters...

West African Banned “Dirty Fuels” Imports

Five West African countries have announced measures to end the practice of European oil companies and traders exporting “dirty diesel”, The Guardian reported. Swiss commodity traders were accused in a report published...

Ghana Denied Subsidizing GOIL

Ghana’s Finance Minister, Seth Terkper, denied that government pays subsidies to the Ghana Oil company Limited (GOIL), Ghana Web informed. GOIL’s COO, Alex Josiah Adzew said: “We have over 16,000 shareholders. S...

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