Connect with us

Hi, what are you looking for?

NigerianEyeNewsPaperNigerianEyeNewsPaper

Africa

Ghana Plans to Import Petrol from Dangote Refinery to Strengthen Energy Security

 

The Ghanaian government has announced plans to begin importing petrol from Nigeria’s Dangote Refinery as part of a strategy to boost its energy security. This initiative, proposed by Ghana’s National Petroleum Authority (NPAG), aims to reduce Ghana’s reliance on more costly fuel imports from Europe, while also strengthening business ties within West Africa.

 

Dr. Mustapha Abdul-Hamid, NPAG’s Chief Executive Officer, shared the update during the 2024 OTL Africa Downstream Energy Week held in Lagos, Nigeria. The annual event, now in its 18th year, is centered on the theme “Alliances for Growth.”

 

Abdul-Hamid highlighted that an agreement with the Dangote Refinery would not only make fuel supplies more affordable for Ghana but would also enhance regional cooperation. “The Dangote Refinery, with its large-scale output, is expected to meet Nigeria’s domestic demand, enabling excess production to be exported to Ghana,” he said.

 

Ghana has expanded its energy exports to Burkina Faso, Mali, and Niger, including supplying U.S. military bases in the region. The country’s recent pipeline agreement with Burkina Faso was also highlighted as a successful model for regional energy partnerships.

 

As part of his remarks, Abdul-Hamid emphasized the importance of a shared currency, improved infrastructure, and unified regional strategies to address energy challenges in West Africa.

 

Though the Dangote Refinery has faced some controversy in Nigeria, particularly regarding its dealings with the Nigerian National Petroleum Company Limited, it remains a key player in providing refined petroleum to its home country and neighboring regions.

 

This new collaboration represents a step toward more sustainable and economically beneficial energy security strategies for Ghana and West Africa as a whole.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Business

  MTN Nigeria has posted a loss of ₦514.9 billion after tax for the first nine months of 2024, largely due to the depreciation...

EFCC

  The Economic and Financial Crimes Commission (EFCC) announced on Thursday that it has recovered over ₦248 billion in crime proceeds over the past...

Crisis

  Tragedy struck early Thursday morning in Ibadan, Oyo State, as a building collapse claimed at least ten lives and left seven others injured....

Crisis

  During her Senate screening on Wednesday, Bianca Odumegwu-Ojukwu, a nominee for ministerial appointment, shared a surprising story from her time as Nigeria’s ambassador...

Copyright © 2023 NigerianEyeNewsPaper.Com. Design by Weforce Digital Technologies