national united oil corp-company profile and news in Ghana

AeroLeadsTop Oil & Energy Companies In Ghana In 2025

national united oil corp-company profile and news in Ghana
                                               
                                               
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Natural Resource Governance InstituteNational Oil Company Profile: GNPC

national united oil corp-company profile and news in Ghana
                                               
                                               
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Modern GhanaOil and Gas Modern Ghana

national united oil corp-company profile and news in Ghana
                                               
                                               
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Top 7 Oil and Gas Companies in Ghana Kashgain

national united oil corp-company profile and news in Ghana
                                               
                                               
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3NewsMy vision is to position GNPC as a global leader in oil and gas

national united oil corp-company profile and news in Ghana
                                               
                                               
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Graphic OnlineKwame Ntow Amoah replaces Edward Bawa as Acting GNPC CEO

national united oil corp-company profile and news in Ghana
                                               
                                               
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National Oil Company DatabaseNational Oil Company Database Data Update Summary

national united oil corp-company profile and news in Ghana
                                               
                                               
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energyinafricaMajor oil fields powering Ghana’s growing petroleum industry

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Ghana GasGhana National Gas Company

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Tullow OilTullow Oil plc COMPANY PROFILE

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  • What is the mandate for oil exploration in Ghana?
  • The mandate for oil exploration was held to be the Technical Directorate of the Ministry of Fuel and Power and the Geological Survey Department. The corporation was created to promote the Government of Ghana's objective of supplying adequate and reliable petroleum for the country and the discovery of crude oil in the country's territories.
  • How much oil does Ghana have?
  • Collectively, the discoveries in these three fields gave Ghana an estimated 1.2 billion barrels of oil equivalent, comprising around 850 million barrels of oil and 2 trillion cubic feet (TCF) of gas .
  • What percentage of Ghana's Oil revenue goes to ABFA?
  • According to Ghana's Petroleum Revenue Management Act, up to 70 % of oil revenues should go to the Annual Budget Funding Amount (ABFA), from which government can select four priority spending areas. Since 2011, 62 % of revenues have been allocated to the ABFA, totalling US$2.6 billion .
  • Is oil refining a bottleneck for Ghana?
  • Oil refining capacity remains a bottleneck for Ghana. A consortium of private Ghanaian companies that excludes GNPC has recently started to construct a large “petroleum hub” complex with a refining capacity of 300,000 barrels per day, which they hope will satisfy a large share of demand for refined oil products in West Africa (18).
  • How much does oil contribute to Ghana's economy?
  • Between 2011 and 2022, oil contributed an average of 8 % to annual revenues . However, this fluctuated significantly from year-to-year with global oil prices, peaking at 11.6 % in 2014 and falling to 3.0 % in 2016 . Since 2011, oil has been Ghana's third-largest export earner after gold and cocoa.
  • Does GNPC have a role in oil & gas?
  • GNPC has also very much continued to articulate its own ambitions of becoming more (rather than less) active in oil & gas activities, both upstream, via increased exploration and production responsibilities, and downstream, by developing new demand and markets for gas domestically. 6. Separating rhetoric from reality in GNPC's transition response