Ghana’s planned $60 billion petroleum hub does not need to be established in an area with readily available feedstock, the chief executive of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, said.
Aubynn was responding to concerns over the availability of feedstock, a key requirement for the development of the petroleum hub.
Speaking on the second day of Africa Oil Week 2026 in Accra, Aubynn said while feedstock was critical to the project, it should not be the determining factor in establishing a petroleum hub.
“You don’t need to have feedstock before you establish a petroleum hub. Otherwise Singapore would never have done it. Singapore doesn’t have a drop of oil, but it has a hub. When you go to Rotterdam, Rotterdam doesn’t have a drop of crude petroleum,” he said.
Aubynn said establishing a petroleum hub was ultimately an economic decision that required investors to assess a range of factors, including infrastructure, market access and other conditions necessary for business.
“You balance your factors of production and realise the red carpet and all the opportunities that are in Ghana. Then you come. And you’ll be supported fully by the hub which has been established to do exactly that,” he said.
Aubynn said the PHDC was engaging the Ghana National Petroleum Corporation (GNPC) on potential future crude oil supplies for the proposed petroleum hub in Jomoro, in Ghana’s Western Region.
“We are engaging GNPC for supply. As you know, GNPC is the national oil company; they have the mandate to supply crude, so we are engaging them,” he said.
Aubynn said the hub could also source crude from other oil-producing countries if the economics were viable.
“You can source from Nigeria, from Angola, from anywhere. The key thing is that economics must work and Ghana provides that environment,” he said.
About the Petroleum Hub Project
The Petroleum Hub Project will be located in Jomoro, in Ghana’s Western Region. The hub will comprise three refineries with a total capacity of 900,000 barrels per stream day (BPSD) and five petrochemical plants with a minimum capacity of 90,000 BPSD. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
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