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Ivory Coast’s oil find won’t impact Ghana’s – Tullow
The oil find in neighbouring Ivory Coast will have no impact on Ghana’s fields, Tullow Oil, operator of the Jubilee Field, has said. France’s Total announced about three weeks ago it has struck oil on a block off Ivory Coast adjacent to Ghana’s giant Jubilee oil and gas field, leading…
Oil becomes Ghana’s second main export
Crude oil is now Ghana’s second main export, increasing moderately in the past two years from $2.7 billion in 2011 to $3 billion in 2012, according to Standard Chartered Research. Gold is the country’s highest foreign exchange earner. In its outlook on Ghana released May 14, 2013, it noted that…
Gov’t under pressure to publish oil & mining contracts
Pressure is mounting on government to publish all mining and oil contracts as well as the use of all revenue from the extractive industry. Ghana has been ranked 15th out of 58 countries that have undertaken major reforms to improve transparency in the mining sector. Although Ghana had the highest…
Ivory Coast and Benin now main source of water supply for oil companies in Ghana
International oil companies in the Jubilee Field now import potable water from Cote d’Ivoire and Benin because of the inability of the Ghana Water Company (GWC) in the Western Region to meet their water supply demands. “As a result of this shortage, supply vessels go to Cote d’Ivoire to buy…
Kosmos to invest $400 mln in Ghana oil development in 2013 – CEO
Reuters – Kosmos Energy will invest $400 million in its Ghana operations in 2013 as part of its commitments to the West African nation’s Jubilee oil field and other projects, the firm’s CEO said on Tuesday. “This covers our commitment to the rest of the Jubilee development and also the…
OPINION: Investigate Ghana National Petroleum Corporation – IMANI’s Franklin Cudjoe
Executive Director of the IMANI Ghana, Franklin Cudjoe has called on President John Mahama to launch investigations into the management of the Ghana National Petroleum Corporation (GNPC) in connection with “PetroSA’s alleged payment of bribes (some US$20m) in its recent purchase of Sabre and Gas Holding Ltd in Ghana.” According…
