HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field.
The Ghana National Petroleum Corporation (GNPC) has guaranteed that it will work the with the Public Utilities Regulatory Commission (PURC) to produce money to refinance the loans used by government as a partner in t ...
Ghana could 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.