Tag Archives: Ghana

Ghana has officially embarked on constructing a massive $12 billion petroleum hub, a project expected to significantly enhance the country’s position in the global oil and gas industry. Located in the southwestern city of Jomoro, the hub will include a 300,000-barrel-per-day refinery, petrochemical plants, and other related infrastructure, positioning Ghana …

Eni has announced an oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and 700 million boe …

Ghana is ready to provide the grounds for certain Iranian industries to invest in this country.

Deputy Head of Ghana Trade and Development Organization Samuel Denetto said that his country imported $46 million worth of goods from Iran. and exported $52 million worth of agricultural products to the Islamic Republic in the same period.

Secretary of the Supreme Council of Iran'.s Free Trade. Industrial and Special Economic Zones Morteza Bank and the Executive Secretary of Ghana Free Zones Authority (GFZA) Michael Okyere Baafi signed MoU on developing economic exchanges.

Sixteen companies. including five majors. have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round.

The signed documents open a new stage in the development of cooperation between Russia and Ghana.

According to a TPO official. the Iran-Ghana Joint Economic Cooperation Commission meeting will be held in Ghana in two months.

One of the key achievements of 11th administration was signing a nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) that increased investment in oil. gas and renewables sector.

Ghana had sustained growth of at least 8 percent until 2013 partly due to the revenues from oil.