Friday, 7 October 2016

Ghana to begin exportation of petroleum to Nigeria & other African countries as it aims to dominate West African distribution market

Ghana’s Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah has revealed that the country has commenced the exportation of fuel and gas to the landlocked countries of Burkina Faso, Niger and Mali from the Bolgatanga Petroleum Depot.

The minister who made the revelation at a meet-the-press series in Accra also disclosed that the state-owned Bulk Oil Storage and Transportation Company Limited, is also supplying petroleum products to Benin Republic and Nigeria with plans to extend to Liberia in the coming months.
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 and asserted that the country's new gas era can supply its energy needs 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,” he said.
The minister disclosed that the restructuring of state-owned BOST has guaranteed a steady availability of petroleum products. 
“The restructuring of BOST has resulted in a turnaround in the performance of this strategic national asset which is now successfully fulfilling its mandate of ensuring the availability of petroleum products,” he said.

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