downstream oil processing increasing in Ghana

transparentoil.orgGhana advances West Africa’s first downstream hub

downstream oil processing increasing in Ghana
                                               
                                               
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National Petroleum AuthorityDOWNSTREAM PETROLEUM INDUSTRY REPORT

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Ghana Oil and Gas Downstream Market (2025-2031)

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BETTER GHANA DIGESTGhana’s downstream petroleum sector facing imminent risk

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comacghana.orgCOMAC Downstream Dialogue 2025

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The Vaultz NewsDownstream Petroleum Sector Drives Ghana’s Economic

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OMICS ONLINEThe Effect of Exchange Rate and Crude Oil Price

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International Trade AdministrationGhana Oil and Gas International Trade Administration

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MyJoyOnlinePetroleum downstream industry witnesses 41

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Strengthening Ghana’s Downstream Petroleum

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  • Is Ghana's oil industry upstream or downstream?
  • Ghana’s oil industry featured more prominently in the downstream sector. However, with the impending commencement of crude oil production in the last quarter of 2010, Ghana’s oil and gas industry can now be categorized into the upstream and downstream sectors.
  • How has Ghana's Oil sector changed since 2007?
  • Ghana’s petroleum sector has experienced significant growth, particularly since the discovery of oil in commercial quantities in the Jubilee fields in 2007. Average crude oil production capacity has been declining slightly over time, with an average 176,000 barrels per day in September 2021.
  • Is Ghana losing revenue from oil production due to fiscal system?
  • •Ghana has lost revenue from oil production because of Ghana’s Fiscal System. •The Petroleum (Exploration & Production) Bill falls short of what it can achieve and is detrimental to Ghana. 33 PC’s Response: General (1) •GIGS’s Report uses PSA Profit Oil Split of 60/40 (Government/Contractor) as “industry standard norm”
  • What is the growth rate of oil in Ghana?
  • Discovery of significant oil reserves in Ghana occurred in 2007, with the actual production starting in December 2010. Ghana’s astronomically high GDP growth of 15.0% in 2011 was mainly the result of oil production; the nonoil growth rate was 9.4%. Similarly, at 5.4% the growth rate in 2013 was dominated by oil, with the nonoil rate at 3.9%.
  • What is Ghana's oil production?
  • Ghana is a small producer, with the current average output of 103,000 barrels per day (bpd). For comparison, Nigeria and Angola produce about 1.867 million bpd and 1.754 million bpd, respectively. Ghana ranks ninth in Africa in terms of oil production.
  • Will Ghana become a petroleum hub in 2023?
  • Due to complete construction in 2023, and with a total cost of $89 million, improvement of Ghana’s midstream sector will contribute significantly towards the West African country’s ambitious target of becoming a petroleum hub for the region.