Signing of Phase One of the Petroleum Hub Project; Dr. Napo Writes…
It was such a pleasure witnessing this afternoon (18th June, 2024), the signing of the Phase One of the Petroleum Hub Project between the Petroleum Hub Development Corporation and the TCP-UIC Consortium which comprises Touchstone Capital Group Holdings Ltd., UIC Energy Ghana Ltd., China Wuhan Engineering Co. Ltd., and China Construction Third Engineering Bureau Co. Ltd.
This event marks a significant step, pursuant to the realization of a vision that His Excellency President Nana Addo Dankwa Akufo-Addo holds dear—a vision of developing a modern, diversified, efficient, and financially sustainable energy economy for Ghana.
The establishment of a Petroleum Hub is one of the Government’s strategic private-sector led anchor initiatives that would serve as a new pillar of growth in the Ghanaian economy.
The project is intended to be the leading integrated petroleum and petrochemical complex created to add value to the upstream and downstream oil and gas value chain in Africa.
Whilst I acknowledge the invaluable contributions of my predecessors and all allied agencies in this regard, the Ministry of Energy will continue to provide the needed policy direction and guidance to ensure the successful execution of phase one which will set the perfect stage for the other phases to continue.
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