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Friday, May 6, 2016

Ghana set to become the Petroleum hub In W/A :-Mahama

President John Dramani Mahama says everything is set for Ghana to become the hub of petroleum in the West Africa sub-region.

According to him, considering the current operation and storage capacity of the Bulk Oil Storage and Transportation Company Limited (BOST) as well as the revamped Tema Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbors.

President Mahama made this comment when he addressed an estimated one thousand people comprised of government officials, students and faculty heads of the University of Cape Coast in the school on the theme: Rising opportunities, entrepreneurship, and a changing Ghana.

BOST’s contract with neighboring Cote D’Ivoire in which the Ghanaian company is expected to supply about 35, 000 of petroleum products is a good news, he said.

This he explained has helped to place the country: “Well on the way to a major petroleum distribution in the sub-region”.

He lauded the turn-around success story of TOR in which the then defunct company is now refinancing its debts and repairing its storage facilities for the resumption of petroleum storage and its related products.

President Mahama said this feat of TOR will giantly help the company to: “Recapture its glory days as envisioned by our [Ghana] founder Dr. Kwame Nkrumah”.

One after the other, he recounted how the social intervention programs put out by previous gove

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