Ghana National Petroleum Corporation (GNPC) has reiterated its commitment to forming strategic partnerships to enhance its capabilities in oil trading, upstream financing, and gas commercialization.
This was emphasised during a high-level meeting between GNPC’s Acting CEO, Kwame Ntow Amoah, and a delegation from Trafigura, a leading global commodities trading firm.
The Trafigura team, led by Daniel Woodbridge, Global Head of Crude Oil, highlighted their expertise in assessing debt capacity for major Ghanaian assets, including the Jubilee and TEN fields. “Our in-house engineering team has a deep familiarity with these assets, derived from years of engagement with Kosmos and Tullow,” Mr. Woodbridge noted.
The discussions also focused on Ghana’s expanding gas sector, driven by rising production from fields like Jubilee and Sankofa.
GNPC emphasised its efforts to bolster gas processing infrastructure and align capacity with domestic demand and potential export opportunities.
Securing sustainable financing remains a cornerstone of GNPC’s strategy.
Mr. Amoah acknowledged that while certain legacy financial obligations have been fulfilled, the Corporation is actively exploring innovative funding models to maximize operational efficiency and commercial outcomes.
“As Ghana’s national oil company, our priorities include enhancing trading operations, ensuring long-term financing stability, and capitalizing on our growing gas resources,” he stated.
“Trafigura’s expertise in crude oil trading and energy investments positions it as a compelling partner in this endeavor.”
A key focus of GNPC’s gas strategy is the Tema LNG project, which aims to establish Ghana as a regional energy hub.
The Corporation is pursuing initiatives to mitigate risks tied to contracted capacity while exploring export markets, particularly in landlocked neighboring countries.
Both parties expressed a commitment to deepening their dialogue, intending to craft actionable strategies that bolster Ghana’s petroleum sector and elevate its standing in the global energy market.
Following the meeting, GNPC and Trafigura formalized their collaboration by signing a Non-Disclosure Agreement (NDA), laying the groundwork for further engagement.
This development signals GNPC’s proactive approach to leveraging international expertise and capital to unlock value across its portfolio while reinforcing Ghana’s position as an emerging player in West Africa’s energy landscape.
Source: https://energynewsafrica.com
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