The government has reiterated its commitment to processing more of Ghana’s natural resources locally, insisting that exporting crude oil while importing finished petroleum products is no longer sustainable for the economy.
Ghana has begun processing its own Jubilee crude oil domestically for the first time, as one million barrels arrived at the Sentuo Oil Refinery in Tema.
Private oil refinery firm Sentuo Oil Refinery is expected to receive a significant consignment of crude oil from Ghana’s offshore fields today for local processing.
The President of the Republic, H.E John Dramani Mahama, in a diaspora town hall meeting organized by the Ghana High Commission in London, made some important remarks about his vision to create sustainable jobs for the youths particularly within the energy sector.
Ghana’s petroleum upstream regulator, the Petroleum Commission, and Liberia’s Petroleum Regulatory Authority (LPRA) have signed a Memorandum of Understanding (MoU) to strengthen regulatory cooperation, knowledge sharing, and stakeholder engagement between the two institutions.
The West African country of Ghana is moving ahead with a second major gas-to-energy project despite the many troubling experiences encountered during its first, a situation that mirrors Guyana’s own struggles with the controversial Wales Gas-to-Energy Project.
Ghana Investment Promotion Centre has revealed that Ghana attracted an estimated US$2.61 billion in foreign direct investment (FDI) inflows in 2025, signalling a strong rebound in investor confidence amid improving macroeconomic conditions.
The Tema Oil Refinery (TOR) has taken delivery of about one million barrels of Bonga crude oil, a development seen as a significant push in its ongoing efforts to restore full-scale operations and strengthen Ghana’s downstream petroleum stability.
Energy Minister, John Jinapor has said that the petroleum sector is expected to rise
again in 2026 after five straight years of falling output, driven by new agreements
signed with international oil partners.
Ghana is taking steps to buy Lukoil PJSCS stake in an offshore oil block to gain greater control over future output in the country, according to people familiar with the matter. The West African nation is considering using its pre-emptive rights to acquire the sanctions-hit Russian company’s 38% stake in the Deepwater Tano Cape Three […]