Audio By Carbonatix
Struggling with its worst economic crisis in a generation, government is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, Deputy Energy Minister, said on Wednesday.
Ghana has asked India to consider the exploration of three blocks in the western basin and to build refineries as the African nation aims to construct a petroleum hub, Aidoo said.
"There are some opportunities in Ghana especially in the oil and gas front. We have some oil blocks available and we came here hoping to attract Indian investments," Aidoo told Reuters after a meeting with Indian oil minister Hardeep Singh Puri at India Energy Week.
He said Ghana will award exploration licences through direct negotiations if Indian companies are interested.
Ghana wants India to consider three blocks in the western basin, he said.
Apart from offering exploration opportunities, Ghana is also seeking Indian support to build refineries of about 300,000 barrels per day.
"We have space for three of them ... we want to make a petroleum hub," Aidoo said.
Latest Stories
-
Deloitte Ghana empowers over 4,500 SHS students through annual ‘Volunteer Day’ programme
21 minutes -
2023 African Games: Auditor-General uncovers GH¢208m debt despite GH¢2.2bn expenditure
22 minutes -
AG backs Supreme Court case seeking to open party primaries to all members
26 minutes -
Cash Reserve Ratio amendment: BoG likely to mop over GH¢16.0bn, exchange rate pressure to ease – Report
32 minutes -
Tryton Motors and JAC Motors reach agreement to become official GFA vehicle partner
42 minutes -
It’s very tough to be a musician in Ghana; everything is a loss – Camidoh
58 minutes -
Ghana has technical capacity, but capital remains key constraint in mining sector – Dr Boateng
1 hour -
Don’t accept financial terms blindly – Amma Gyampo advises consumers
1 hour -
Senegal president appoints economist as prime minister after political rift
1 hour -
Ghanaian participation in extractive sector must increase – Expert
2 hours -
Government must make industrialisation a condition in mining contracts — Ayi-Owoo
2 hours -
Inside Audit Report: Check the alleged inflated contracts in 2023 African Games
2 hours -
J.Derobie reunites with Gold Up Music on new dancehall release ‘Start Over’
2 hours -
Mawuli School PTA donates desks, water tanks to improve academic environment
2 hours -
Hybrid funding approach key to strengthening local mining participation — Mineral economist
2 hours