March 3, 2024
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OIL & GAS

Ghanian President Launches Billion Dollar Oil Refinery

Ghana’s president, Nana Akufo-Addo, has launched a billion-dollar ultra-modern Oil Refinery at the Tema Industrial Area in the Greater Accra region.

The State-of-the-Art Refinery, as described by the president will enhance the growth of local petroleum industry, thereby reducing the dependence on foreign import of the product.

The president, congratulated Sentuo Group for putting up the Refinery. He assured Ghanians of the government’s commitment to ensure efficient operation at the Tema Oil Refinery.

Sentuo was granted the License by the NPA to establish the Refinery in 2022 and subsequently secured the construction permit the same year.

The construction which is in two phases, is expected to be completed by 2025.

This will enable the production of high-quality finished gasoline, aviation kerosene, diesel, asphalt, among others.

The first phase will refine forty thousand barrels of crude oil per day and the second phase is expected to process one hundred thousand barrels a day, as gotten from Ghananews.

Mathew Opoku Prempeh, Ghana’s energy minister, affirmed the government’s support to place workable programs that will provide the country with the fuel it needs.

While The CEO of Sentua Group, Xu Ning Quan thanked the government for providing an enabling environment for businesses to thrive. He further gave the assurance that the group will continue to invest in the country.

President Akufo-Addo, noted that the establishment of the refinery, is as a result of the good relationship between Ghana and China.

He said the refinery is a huge step towards securing Ghana’s energy future, it will not only provide fuel, but also provide job opportunities.

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