Mahama orders oil supply security for Jomoro refineries
By the AFREEQUE newsroom, based on 3News
Ghanaian President John Dramani Mahama has ordered public bodies to guarantee oil and gas supplies for refineries planned at Jomoro as part of the second phase, valued at $28 billion, of the petroleum hub. The directive was announced on 10 November in Takoradi, according to 3News.
Ghanaian President John Dramani Mahama asked the Petroleum Commission and other state agencies to organise a reliable supply of crude oil and gas for the refineries and petrochemical plants planned at Jomoro, according to 3News. He issued the directive on 10 November during the opening of the 15th edition of the Local Content Conference and Exhibition in Takoradi.
The project is based on a $28 billion agreement between the Petroleum Hub Development Corporation (PHDC), the body responsible for developing the petroleum hub, and a consortium led by Global Sphere. The second phase includes a refinery with a capacity of 300,000 barrels per day, two petrochemical plants, a multi-berth jetty and four million cubic metres of storage capacity, according to 3News.
The agreement was signed on 19 October in Accra. The PHDC expects delivery within five years, with construction due to begin in the first quarter of 2027, subject to the conditions set out in the agreement. No financing had yet been finalised at the time of the report. John Dramani Mahama also announced the discovery of the Nya Gyidie-1X gas and condensate field during the conference, a development covered in Ghana announces offshore hydrocarbon discovery.
