Ghana may purchase petroleum products from Nigeria’s Dangote Oil Refinery once it is operating at full capacity, according to the head of Ghana’s oil regulatory body.
Mustapha Abdul-Hamid, chairman of the National Petroleum Authority, stated at the OTL Africa Downstream Oil Conference in Lagos that this development could eliminate monthly fuel imports from Europe, which currently cost around $400 million, as reported by Reuters.
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“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,” Hamid said.