Mahama directs Petroleum Commission, other agencies to work on feedstock supply for Petroleum Hub Project

President John Dramani Mahama has directed the Petroleum Commission and other relevant state agencies to collaborate with the Petroleum Hub Development Corporation (PHDC) and upstream oil and gas operators to ensure a steady supply of feedstock for the Petroleum Hub project. Mahama emphasized the necessity of feedstock availability for the project's functionality, even before the facilities become operational.

He requested the Petroleum Commission to work alongside the PHDC and other upstream players to establish a reliable feedstock source, powering the refineries and petrochemical plants. In his address at the opening of the 15th Local Content Conference and Exhibition in Takoradi, Mahama expressed the government's strong commitment to the Petroleum Hub project, which he saw as a crucial vehicle for achieving his vision of Ghana's oil and gas industry, focusing on value addition and industrialization.

He highlighted that the project's complex infrastructure, including refineries, petrochemical plants, and storage facilities, would link Ghana's industrialization drive directly to its growing oil and gas sector. The US$28 billion Phase Two agreement between PHDC and a consortium led by Global Sphere includes partners from South Korea, the United Arab Emirates, and Mali, and is aimed at positioning Ghana as a regional hub for refined petroleum and petrochemical products.

The project, comprised of a 300,000 barrels per stream day refinery, two petrochemical plants, a four million cubic meters storage facility, and a multi-berth jetty, is expected to be developed within five years, with initial construction activities scheduled to begin in the first quarter of 2027.