Search This Blog

Sunday, October 31, 2010

Ghana, China's TCC Plan $1.8 Billion Refinery, Ghanaian Times Reports

Ghana and TCC of China are reviewing a memorandum of understanding for the building of a $1.8 billion refinery to add to the capacity of the country’s Tema Oil Refinery, the Ghanaian Times reported.

The new facility to be constructed by the Chinese engineering company will refine 120,000 barrels of crude per day, the Accra-based newspaper said, citing Emmanuel Buah, deputy minister of energy.

Buah said Ghana consumes 65,000 barrels a day while Tema can only process 45,000 barrels a day at full capacity, according to the newspaper.

No comments: