Posted Oct 27, 2016
Ghana has begun exporting oil and gas products to the landlocked countries of Burkina Faso, Niger, and Mali from the Bolgatanga Petroleum Depot. The state-owned Bulk Oil Storage and Transportation Company Limited (BOST) is also supplying petroleum products to the Benin Republic, and Nigeria.
Emmanuel Armah-Kofi Buah, Ghana’s Minister of Petroleum, said there were plans to expand the exports to Liberia in the next few months. He also said the government aims to make Ghana the hub for the distribution of petroleum products in the West African sub-region.
“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 liberalized 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” Emmanuel Armah-Kofi Buah, Ghana’s Minister of Petroleum
The Bolgatanga Petroleum Depot has a capacity for 46 million liters of refined gasoline and gas oil, which Buah stated will guarantee Ghana’s energy security for the next twenty years.