Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

Ghana to import fuel from Dangote oil refinery from first quarter of 2025  

Reporter by Reporter
October 29, 2024
0
Ghana to import fuel from Dangote oil refinery from first quarter of 2025  
Share on FacebookShare on TwitterShare on Whatsapp

Ghana could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.

This could end monthly fuel imports from Europe of $400 million, Mustapha Abdul-Hamid, chairman of the National Petroleum Authority, Ghana said at the OTL Africa Downstream oil conference in Lagos.

“If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,” Hamid said.
The Dangote Oil refinery built by Nigerian billionaire Aliko Dangote is expected to operate at near full capacity at the end of the year and analysts believe it could be fully operational in the first quarter of 2025.

Hamid said importing from Nigeria rather than Europe would bring down the prices of other goods and services by removing freight costs.

Eventually, he said African countries would agree on a common currency that should dampen demand for dollars. Ghana’s economy, which grew by 6.9% year-on-year in the second quarter of 2024, has been driven largely by a strong expansion of the extractive sector which has boosted demand for fuel.

More News...

The underdevelopment of Ijebu-Jesa, my Native Nazareth (1)

The underdevelopment of Ijebu-Jesa, my Native Nazareth (1)

Governor Umo Eno Defects to APC, Cites State Interest and Need for Federal Alignment.

Governor Umo Eno Defects to APC, Cites State Interest and Need for Federal Alignment.

Trump Threatens Elon Musk’s Government Contracts Amid Intensifying Feud

Trump Threatens Elon Musk’s Government Contracts Amid Intensifying Feud

FROM MARGINS TO MOMENTUM: THE LAGOS YOUTHS STORY

FROM MARGINS TO MOMENTUM: THE LAGOS YOUTHS STORY

FG Declares June 6th and 9th, 2025, as Public Holidays For Eid-ul-Adha Celebration

FG Declares June 6th and 9th, 2025, as Public Holidays For Eid-ul-Adha Celebration

This Tinubu You Hate Today You Will Learn To Love Without Duress Tomorrow 

This Tinubu You Hate Today You Will Learn To Love Without Duress Tomorrow 

Lagos Commissioner Engages Informal Youths on the Streets, Unlocks Access to Health and Social Reintegration

Lagos Commissioner Engages Informal Youths on the Streets, Unlocks Access to Health and Social Reintegration

Law and Law Enforcement: The Role of the Police in a Just Society

Law and Law Enforcement: The Role of the Police in a Just Society

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters