{"id":460739,"date":"2018-02-02T09:40:53","date_gmt":"2018-02-02T09:40:53","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/02\/new-oil-refinery-to-produce-150000-barrels-a-day-minister\/"},"modified":"2018-02-02T09:40:53","modified_gmt":"2018-02-02T09:40:53","slug":"new-oil-refinery-to-produce-150000-barrels-a-day-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/02\/new-oil-refinery-to-produce-150000-barrels-a-day-minister\/","title":{"rendered":"New oil refinery to produce 150,000 barrels a day &#8211; Minister"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Friday,  2 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>thebftonline.com<\/p>\n<p>2018-02-02<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/08\/72643525.295.jpg\" alt=\"Boakye Agyarko Power\" title=\"Boakye Agyarko Power\" width=\"295\" height=\"160\" \/><span class=\"image_caption\"><span>Energy Minister, Boakye Agyarko<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1517564453_516_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed.<\/p>\n<p>The \u201cnew TOR\u201d, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to attain government\u2019s vision of making Ghana a hub for refined petroleum products in the West African sub-region.<\/p>\n<p>\u201cEven though we are crude producers, we have become net importers of petroleum products. We in Ghana are running perennially short of petroleum products and it reflects in the instability of the demand-supply equation.<\/p>\n<p>The idea, therefore, is to create a hub in the Western region where you have the refining, the storage, the transportation, and trading, all happening within an enclave.<\/p>\n<p>The idea subsequent to this, which has been discussed with the board of TOR is to make sure that in the next three-four years, we build a new TOR of about 150,000 barrels a day, and then gradually ease out the old TOR which becomes a tank farm for the new TOR,\u201d he said.<\/p>\n<p>Mr. Agyarko, who was speaking with the media at the 2018 Downstream Colloquium organised by the National Petroleum Authority in Accra, noted: \u201cWe have already put in place an implementation committee which is looking at all the facets and the regulations required.<\/p>\n<p>We have sent out the various teams to look at all the other hubs that operate in the world; Rotterdam, Singapore, Malaysia, to study and understand how it is done properly, to see who we can partner with efficiently and productively. I believe that in the not too distant future, 2-3years, you will begin to see the actual manifestation of these developments on the ground,\u201d the Minister added.<\/p>\n<p><!-- uploaded by: 63 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Friday, 2 February 2018 Source: thebftonline.com 2018-02-02 Energy Minister, Boakye Agyarko Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed. The \u201cnew TOR\u201d, as the Minister terms it, will be will reduce significantly, the amount of oil [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":411618,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-460739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/460739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=460739"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/460739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=460739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=460739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=460739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}