Ghana may purchase petroleum products from Nigeria’s Dangote Petroleum Refinery once it reaches its full operational capacity, which would allow for a reduction in the costlier imports from Europe, according to the head of the country’s oil regulatory authority, who spoke on Monday.
Mustapha Abdul-Hamid, the Chairman of the National Petroleum Authority in Ghana, indicated that this initiative might eliminate the necessity for $400 million in monthly fuel imports from Europe. He made these remarks during the OTL Africa Downstream Oil Conference in Lagos, as reported by Reuters.
He said, “If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices.”
