The first phase of a new pipeline infrastructure project will begin soon – Bawumia

Company News of Wednesday, July 10, 2019

Source: www.ghanaweb.com

2019-07-10

Vice President Mahamudu Bawumia announced that the government plans to launch the first phase of a new pipeline infrastructure project to facilitate the transportation of petroleum products in the sub-region.

To do this, the vice president said the government was working on a master plan for oil transportation infrastructure that would speed up the infrastructure supply process and play a key role in the agreement. continental African free trade.

Speaking at the Ghana International Petroleum Conference (GhipCon) 2019 on "Regional Cooperation: A Catalyst for Transformation," Bawumia said oil products would flow easily between Tema, Akosombo, Buipe and Beijing. Other cities after setting up. of the project.

According to him, not only will the oil transportation infrastructure project facilitate the movement of petroleum products across the country, but it will also link Ghana to the subregional market, thus deepening the oil and gas program. regional integration of the government led by Akufo-Addo objectives of the African Continental Free Trade Agreement.

Mr. Bawumia added that the project "will facilitate the establishment of alternative transportation infrastructure for petroleum products such as railway lines, pipelines and river pbades to the main demand centers of the country. ".

In addition, he revealed that the project would soon be presented to Cabinet, with the ministerial committee responsible for developing the master plan having finalized its work.

Bawumia said his government plans to make Ghana the oil hub in Africa, creating a favorable environment for downstream and upstream companies.

He further added that "Ghana's unique geographical positions, democratic stability and security require us to show leadership in building an integrated infrastructure to serve the sub-regional petroleum industry".

GhipCon is the largest downstream petroleum conference in Ghana, organized under the auspices of the Ministry of Energy and the National Petroleum Authority, in partnership with Ghana Chamber of Bulk Oil Distributors and the Association of Societies. marketing of oil.

The three-day conference is designed to actively highlight the business sector's perspective and guidance on government and regulatory policy issues and best practices for the development of the sector, not only in Ghana, but in all the subregion of West Africa. beyond.