GNPC buys 200,000-acre land for $8.5m

The Ghana National Petroleum Corporation (GNPC) has spent $8.5 million to buy a 200,000-acre land located at Takoradi in the Western Region. The plot will be used to establish a petroleum hub, according to the company’s work plan sent to the Mines and Energy Committee upon a request by the parliamentary caucus...


The Ghana National Petroleum Corporation (GNPC) has spent $8.5 million to buy a 200,000-acre land located at Takoradi in the Western Region.

The plot will be used to establish a petroleum hub, according to the company’s work plan sent to the Mines and Energy Committee upon a request by the parliamentary caucus.

The company has also budgeted $50 million for co-investment with a selected partner to establish a company in a selected area (oil refinery fertiliser plant, petrochemical industry, petroleum tank farm etc.) in the Western Region to attract investors to the petroleum hub.

Source: Ghana/ClassFMonline.com/91.3FM



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