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AGM Petroleum makes oil discovery offshore

AGM Petroleum, an oil and gas exploration company has discovered oil at Ghana's South Deepwater Tano (SDWT) prospect. The discovery was made known by the President and CEO of AGM's related company Aker ASA, Øyvind Eriksen in a letter to shareholders published in its second-quarter and half-year results for 2019....

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Dangote Refinery To End Imports Of Petroleum Products To Africa

Nigeria and other sub-Saharan African countries would soon heave a sigh of relief from the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos. Group Executive Director, Strategy, Capital Projects & Portfolio Development, Devakumar Edwin, made this statement on...

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GIPC, Malta Sign Trade Agreement

The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise. Enterprise is Malta’s economic development agency tasked with attracting new foreign direct investments as well as facilitating the growth of existing operations. The MoU was signed on 24th June 2019 in Accra. The MoU...

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Ghana gets $200m World Bank support

Ghana has received $200 million from the World Bank to help transform and diversify its economy through the promotion of private investment and robust growth in its non-resource base sectors. The fund, to be administered through an integrated programme is set to build the country’s competitiveness and deliver sustainable jobs...

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GOIL to construct $35 million bitumen plant

Goil has entered into a joint venture with Societe Multinationale de Bitumes (SMB) of Cote d’Ivoire to construct a $35 million bitumen plant in Tema. The plant, which has the capacity to produce 8,000 tonnes of Polymer Modified Bitumen (PMB) and Bitumen Emulsion, is expected to be completed in two...

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