By Kofi Ahovi
More oil refinery companies have joined the quest to establish an oil refinery in the country owing to the oil find in commercial quantities.
About six more oil refinery companies including AGIG, AGOG have submitted proposals to acquire license to operate in the country.
Most of these companies are requesting to establish in Takoradi in Western Region closer to the extraction site.
Interestingly, most of these companies intend to refine crude oil on a capacity that out produces what Tema Oil Refinery (TOR) produces on a daily basis.
TOR currently produces about 50,000 barrels of crude oil per day but AGIG is seeking to refine about 200,000 bpd almost equal to the total extraction capacity of the country.
Not less than 900 jobs would be created if any of these companies is granted a license.
Ghana recently emerged as an oil nation when the West Cape Three Points became a host to some deep water blocks with large crude and gas content. This was followed by subsequent discoveries in the deep water Tano concessions.
Ghana is expected to make about US$1 billion annually from oil sales.
More oil refinery companies have joined the quest to establish an oil refinery in the country owing to the oil find in commercial quantities.
About six more oil refinery companies including AGIG, AGOG have submitted proposals to acquire license to operate in the country.
Most of these companies are requesting to establish in Takoradi in Western Region closer to the extraction site.
Interestingly, most of these companies intend to refine crude oil on a capacity that out produces what Tema Oil Refinery (TOR) produces on a daily basis.
TOR currently produces about 50,000 barrels of crude oil per day but AGIG is seeking to refine about 200,000 bpd almost equal to the total extraction capacity of the country.
Not less than 900 jobs would be created if any of these companies is granted a license.
Ghana recently emerged as an oil nation when the West Cape Three Points became a host to some deep water blocks with large crude and gas content. This was followed by subsequent discoveries in the deep water Tano concessions.
Ghana is expected to make about US$1 billion annually from oil sales.
Comments