The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has inaugurated the newly constituted Board of the Petroleum Hub Development Corporation (PHDC). The PHDC is a government initiative aimed at developing Ghana’s petroleum industry and positioning the country as a major energy hub in the sub-region.
The members of the Board are: Mr. George Blay-Morkeh (Chairman), Dr. Toni Aubynn, Esq. (Ag. CEO), Mr. David Ampofo, Mr. Francis Tettey-Sackey, Esq., Dr. Patrick Ofori (CEO of Chamber of Bulk Oil Distributors), Mr. Abednego Akuteck, and Dr. Mizpah Ama Dziedzorm Rockson.
According to the Minister, the inauguration advances the government’s commitment to building a vibrant, competitive, and fully integrated petroleum hub for Ghana and the sub-region.
“I charged the Board to take bold steps in attracting and onboarding strategic investments across the entire energy value chain. From storage and refining to transportation and supporting infrastructure, the opportunities are vast and PHDC must play a catalytic role in unlocking them,” Minister Jinapor said.
Ghana already serves, in many ways, as an energy hub for the sub-region, with the distribution of power and petroleum products flowing through the country to neighbouring states.
The work of PHDC will further position Ghana to harness this strategic advantage and transform it into sustained economic growth.
Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) has announced a new oil discovery offshore in the Gulf of Suez, following the successful drilling of the Northeast Ramadan Crystal exploration well (NER-1X), located in the North-East Ramadan Concession area.
The discovery was made by the Gulf of Suez Petroleum Company (GUPCO), the operating joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and the UAE’s Dragon Oil.
The Ministry expects the new well to be brought onstream within days, with an estimated initial output of about 3,000 barrels per day (bbl/d) of crude oil.
According to the Ministry, the application of Ocean Bottom Node (OBN) seismic surveying technology enabled the identification of promising geological structures beneath the seabed that were previously inaccessible, significantly enhancing exploration efficiency.
Furthermore, the existing Al-Fanar platform (owned by EGPC) was used for drilling the well and initiating early production, eliminating the need to construct a new platform.
This measure greatly reduces costs and reflects the efficient utilization of the Petroleum Sector’s existing assets and infrastructure, the Ministry confirmed on November 20.
The new discovery supports the sector’s goal of stabilizing and increasing oil production.
Recent discoveries include Khalda Petroleum Company’s new natural gas find, Gomana-1, in the Western Desert, with an estimated production rate of around 36 million cubic feet per day (mmcf/d).
These successes align with the broader goals of the Petroleum Sector, which Minister of Petroleum and Mineral Resources Karim Badawi previously highlighted while reviewing the sector’s progress since July 2024 aimed at retaining production levels.
Badawi stated, during the celebration of National Petroleum Day, that the petroleum sector recorded 75 new oil and natural gas discoveries and brought 383 new wells into production, adding 1.1 billion cubic feet (bcf) of natural gas and nearly 200,000 bbl/d of crude oil.
Additionally, Badawi noted on the ministry’s PetroCast podcast that current natural gas production has reached about 4.2 billion cubic feet per day (bcf/d), with plans for further increases.
He added that crude oil production, after earlier declines, has now stabilized and is poised to enter a new growth phase supported by recent discoveries and investments in the Western Desert and Gulf of Suez. Crude oil production had previously stabilized at 540,000 bbl/d in February.
A Japanese regional governor on Friday approved the partial restart of the Kashiwazaki-Kariwa nuclear power plant—the world’s largest—as the country intensifies efforts to revive its nuclear sector and reduce reliance on fossil fuel imports.
Niigata Prefecture Governor Hideyo Hanazumi’s approval removes the final major hurdle for plant operator Tokyo Electric Power Co. (TEPCO) to move ahead with plans to restart one or two of the facility’s largest reactors.
With electricity demand expected to rise due to the expansion of data centers and semiconductor manufacturing, “it would be difficult to stop something that passed the country’s regulatory standards without any rational reason,” Hanazumi said at a press briefing.
He added that he would seek a vote of confidence from the prefectural assembly during its regular session beginning December 2.
Hanazumi noted that local residents’ concerns, continued safety assurances and emergency preparedness remain key issues requiring ongoing attention.
Japan’s industry minister, Ryosei Akazawa, said the approval—once endorsed by the assembly—would apply to reactors No. 6 and No. 7, the plant’s two largest units. He said Unit No. 6 alone could improve the supply-demand balance in the energy-hungry Tokyo area by 2%.
Together, the two reactors generate 2,710 megawatts of electricity, roughly one-third of the plant’s total capacity of 8,212 MW.
TEPCO has indicated plans to decommission some of the remaining five units.
In October, TEPCO completed checks at the No. 6 reactor—its priority for restart—after loading fuel, confirming that the main systems required for startup were functioning properly.
A restart would mark TEPCO’s first since the March 2011 tsunami crippled its Fukushima Daiichi plant. It would also represent a major milestone for Japan, which shut down all 54 operational reactors following the disaster, sharply increasing reliance on imported fossil fuels that remain vulnerable to global supply shocks.
Hanazumi said opinion within Niigata Prefecture remains divided, but providing accurate information about safety measures could help build public understanding.
Prime Minister Sanae Takaichi, who assumed office last month, has expressed support for restarting more nuclear reactors to bolster energy security and reduce the high cost of energy imports, which currently supply 60% to 70% of Japan’s electricity.
Japan spent 10.7 trillion yen ($68 billion) last year on imported liquefied natural gas and coal, representing roughly one-tenth of its total import bill.
“The restart … is extremely important from the perspective of reducing electricity prices and securing decarbonised power sources,” Chief Cabinet Secretary Minoru Kihara said on Friday.
Of the 54 reactors operating before Fukushima, Japan has restarted 14 of the 33 that remain operable. TEPCO continues to pay compensation for the Fukushima Daiichi disaster, the world’s worst nuclear accident since Chernobyl in 1986.
The Energy Media Group, organisers of the prestigious Ghana Energy Awards (GEA), has scheduled next Friday, November 28, 2025, for the 9th edition of the awards scheme at the Labadi Beach Hotel.
The Minister for Energy and Green Transition Hon. John Abdulai Jinapor will deliver a Keynote Address.
Under the theme “Repositioning the Energy Sector as a Pillar of National Development,” the event is expected to bring together a large gathering of energy sector professionals, policymakers, academics, and civil society groups.
This year’s edition recorded more than 500 submissions, including a remarkable number of first-time entrants, reflecting the growing national interest in recognising excellence within the energy sector.
The 2025 edition features flagship honours such as:Energy Personality of the Year (Male and Female),Chief Executive of the Year (Power and Petroleum), Chief Green Trailblazer Award, Emerging Female Leader in Energy Award, Energy Signature Award, Energy Sector Operational Resilience Award, Energy Advocate of the Year, Energy Reporter of the Year, among many others.
Since its inception in 2017, Michael Creg Afful, Editor and Executive Director of Energy News Africa Ltd (https://energynewsafrica.com), remains the only journalist to have won the Energy Reporter of the Year award on two consecutive occasions. He was adjudged the winner in 2018 and 2019.
Beyond reporting news stories, Michael Creg Afful has authored several articles addressing critical issues within Ghana’s energy sector and beyond
Michael Creg Afful (left) interviewing Nhlanhla Gumede (right), Commissioner at the National Energy Regulator of South Africa (NERSA).
Since 2020, Michael has stopped filing for awards.
Some of the notable articles he has written include:
ECG-PSP: Ghana Needs To Do Differently, What consumers expect to see after three pesewa increment in BOST margin Illegal connection: how will Amewu fight it? Why road accidents are deadlier than nuclear power plants.
Egypt and Russia’s state-owned atomic energy corporation, Rosatom, have signed a nuclear fuel purchase order along with a comprehensive cooperation agreement for the El-Dabaa Nuclear Power Plant.
The deal was concluded earlier this week during the installation of the Reactor Pressure Vessel (RPV) for Unit 1 of the plant.
The ceremony was attended by the Presidents of Egypt and Russia — Abdel-Fattah El-Sisi and Vladimir Putin.
The event coincided with Egypt’s Fifth Annual Nuclear Energy Day, commemorated each year on November 19 to mark the 2015 intergovernmental agreement between Egypt and Russia to build and operate the nation’s first nuclear power plant.
Prime Minister Mostafa Madbouly, after meeting with Rosatom Director General Alexey Likhachev, emphasized the project’s broader developmental goals, according to a statement.
Madbouly noted: “This project is not only for electricity generation; it is a foundation for achieving Egypt’s Vision 2030 and its developmental goals.”
The discussions also covered training programs for Egyptian personnel and future operational cooperation.
The agreement marks a significant step toward bringing the El-Dabaa plant online, positioning nuclear energy as a key pillar of Egypt’s long-term energy security strategy.
The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has questioned the Ghanaian government’s decision to allow the national oil company, GNPC, and its subsidiary, Explorco, to engage an independent technical consultant and transactional advisor to evaluate Springfield E&P’s assets for a possible takeover of the Afina-1X oil well in the West Cape Three Points (WCTP) Block 2.
Mr. Boakye, who has extensive knowledge of the oil and gas sector, expressed concerns over the government’s decision.
He described what the Ministry of Energy and Green Transition referred to as “constructive discussions” on a possible takeover of Springfield’s assets in its Wednesday, November 19 press statement as “even more troubling.”
In a post on X (formerly Twitter), Mr. Boakye argued that the WCTP Block 2 belongs to the state, stressing that contractors are expected to take the risks and share in the benefits only when they succeed.
He contended that when contractors fail, the state’s duty is to reclaim its asset—not underwrite the losses of a private investor, as he believes the government’s current approach seeks to do.
Mr. Boakye alleged that earlier this year, officials from Springfield E&P and Explorco attempted to value Springfield’s asset between US$433 million and US$1.1 billion.
He revealed that GNPC and its subsidiary hired a credible consultant, but provided discredited data, which he said was intended to predetermine the outcome of the assessment.
Reinforcing his point, Mr. Boakye stated that the Petroleum Commission, the upstream regulator, was unequivocal in dismissing Springfield’s recent appraisal, stating that the company’s conclusions were flawed.
The ACEP boss argued that what Ghana needs at this point is not a buyout of Springfield E&P’s assets, but strict enforcement of contractual obligations.
He questioned why the state would consider taking over a non-performing asset when “there is too much poverty in the country” and funds could be better directed toward addressing pressing socioeconomic needs rather than “wasteful, trumped-up ventures.”
In its statement issued on Wednesday, the Ministry of Energy and Green Transition explained that the rationale behind the move is to help arrest the decline in crude oil production, which currently stands at about 150,000 barrels of oil per day (bopd), down from over 200,000 bopd in 2019.
The downward trend has been a major concern for industry players and energy analysts.
The Ministry believes the intervention is essential to prevent further delays in field development, unlock the block’s long-term economic value, sustain upstream activity and associated national revenues, and enhance Ghana’s overall energy security.
“With Ghana’s national crude oil production declining over recent years, coupled with uncertainties within the global energy transition, Government considers it urgent to advance the development of the WCTP2 resource base,” the Ministry stated.
Despite the ongoing process toward a possible takeover of Springfield E&P’s interest, the Ministry assured the public that the government remains committed to deepening the participation of indigenous Ghanaian companies, strengthening national technical capacity, promoting skills transfer, and ensuring Ghana’s local content framework continues to guide upstream operations.
It further noted that the process is being carried out without prejudice to ongoing investigations involving Springfield E&P or its affiliates.
“Due process and institutional independence remain fully respected,” the Ministry added.
It will be recalled that the Afina-1X well, originally drilled in 2019, is located at a water depth of 1,030 metres and reaches a total depth of 4,085 metres.
The well uncovered a 65-metre-thick light oil reservoir, with 50 metres of net oil pay in high-quality Cenomanian sandstone formations.
Additionally, 10 metres of gas- and condensate-bearing sands were encountered in Turonian-age formations at the structure’s edge.
Springfield E&P later claimed that the Afina-1X discovery straddles Eni’s Sankofa field, which is also within the WCTP area.
This assertion prompted the Ministry of Energy under the previous government to direct both companies to jointly develop the resource for the nation’s maximum benefit.
The directive led to contention between the two companies, with Springfield E&P filing a lawsuit against Eni in Ghana, while Eni initiated legal action against Springfield E&P in London.
To ensure harmony within the upstream sector and restore investor confidence, President John Dramani Mahama, upon assuming office, reversed the directive—a decision subsequently confirmed by the Ministry of Energy and Green Transition in a statement to the media.
Following the reversal, Eni and its OCTP partners, in September 2025 during the Africa Oil Week (AOW) in Accra, signed an MoU to invest US$1.5 billion in their operations in Ghana.
BW Energy, the Norway-based listed energy company, has announced the successful completion of drilling operations on the Kharas-1 appraisal well in the Kudu licence area offshore Namibia, marking a significant step in the company’s ongoing exploration efforts in the region.
The well was drilled to a total depth of 5,100 metres and intersected several reservoir intervals. According to BW Energy, the well will now be plugged and abandoned in line with the approved drilling programme.
During drilling, several shallow turbidite reservoirs showing indications of dry gas were encountered. Reservoir properties from these intervals, along with data gathered from the recovered whole core, are currently undergoing evaluation.
More notably, the deeper section of the well revealed the presence of hydrocarbons within a fractured volcaniclastic reservoir. BW Energy says this confirms a working petroleum system in the Kudu block, with early indications pointing to condensate and/or light oil.
Further laboratory analysis is underway to determine the extent of the system, reservoir characteristics, and future appraisal options.
Commenting on the results, BW Energy CEO Carl Arnet said the Kharas-1 well met its primary technical objectives.
“Kharas-1 achieved its technical objective of testing multiple targets within a single penetration and delivered valuable geological, geochemical and petrophysical data. The results also confirm, for the first time, the presence of liquid hydrocarbons within the Kudu block and contribute to our understanding of the broader petroleum system,” Arnet stated.
He emphasised that while the findings are encouraging, the complexity of the reservoir system will require further appraisal to determine commercial viability.
“The reservoir complexity necessitates further appraisal to assess its potential. Our forward programme will focus on further high-value targets based on the presence of liquid hydrocarbons, as well as gas and the learnings from Kharas-1,” he added.
The Kharas-1 results are expected to play an important role in shaping BW Energy’s next phase of exploration within the Kudu licence area, where the company aims to unlock both gas and liquids potential in one of Namibia’s emerging offshore energy frontiers.
Globeleq, a leading independent power company in Africa, has announced the appointment of Stefan van Niekerk, as its new Managing Director of Construction, effective 1 November 2025.
With more than two decades of experience in the African power sector, Stefan brings a wealth of expertise in renewable energy development, construction, and operations.
He has played pivotal roles in delivering more than 2GW of renewable energy assets across the continent, including landmark projects in solar, wind, and thermal technologies.
He has held significant leadership roles at Engie South Africa, BTE Renewables, Worley Kenya, and the Lake Turkana Wind Power Mega Project, one of Africa’s largest wind farms.
In his new role, Stefan will oversee the construction activities of all Globeleq projects across Africa, ensuring the successful execution of projects to the highest standards of cost-efficiency, safety, quality, and schedule.
He will lead a team of Project Construction Directors and collaborate closely with Globeleq’s senior leadership.
Commenting on the appointment, Globeleq CEO Jonathan Hoffman said: “We are thrilled to welcome Stefan to Globeleq. His proven track record, strategic vision, and commitment to excellence will be instrumental as we scale up our portfolio and deliver critical energy infrastructure across Africa. Stefan helps complete our leadership team. He will ensure our projects are delivered on time and within budget, while also setting benchmarks for safety, sustainability, and innovation”.
Stefan van Niekerk added: “I am excited to join Globeleq at such a pivotal time in its growth journey. The opportunity to contribute to Africa’s energy transition by delivering world-class projects is both a privilege and a responsibility I deeply value. I look forward to working with talented teams across the continent to build a resilient and sustainable energy future”.
GOIL PLC, an indigenous oil marketing company, has expanded its nationwide footprint with the opening of a new, ultra-modern service station at Prestea Ankobra in the Western Region.
The new station—now the third in the vibrant mining town—has been designed as a full-service convenience hub. It features a well-equipped lube bay, tyre centre, pharmacy, and restaurant, offering customers a comprehensive and seamless experience at one location.
The unveiling ceremony attracted a cross-section of dignitaries, including representatives from regulatory bodies, security agencies such as the Police and Fire Service, as well as traditional leaders and opinion leaders from the community.
Addressing the gathering, the Head of Fuels Marketing, Mr. Emmanuel Kwame Agyiri, reaffirmed GOIL’s commitment to supplying high-quality fuels across the country.
He highlighted the superior benefits of GOIL’s additivated fuels, noting that the XP3 additive enhances engine protection, improves performance, and delivers greater value for money.
The Head of Corporate Affairs, Mr. Robert Kyere, commended the Dealer, Mr. Francis Chaangnaah, for his confidence in GOIL and for investing in the brand.
He encouraged residents and motorists to continue patronising GOIL products, emphasising that choosing GOIL supports the entire nation rather than an individual, as profits are retained within the Ghanaian economy.
In his remarks, the Divisional Chief of Heman Prestea, Nana Nteboah Pra IV, applauded GOIL for the new facility and urged the company to maintain its high standards.
He further called for the introduction of a customer reward scheme for loyal patrons and appealed for the siting of corporate social responsibility (CSR) projects in his traditional area to support community development.
Ghana’s petroleum downstream sector is preparing to operate on a 24-hour basis in line with the Government of Ghana’s policy to extend working hours and expand job creation.
To advance this initiative, the National Petroleum Authority (NPA), regulator of the downstream sector, has constituted a 24-Hour Economy Sub-Committee and tasked it with reviewing downstream operations and recommending the interventions needed to ensure a smooth transition to round-the-clock activities.
The Sub-Committee, led by the NPA’s Deputy Chief Executive, Dr. Dramani Bukari, on Monday undertook a comprehensive field tour of key petroleum installations in the Tema enclave as part of preparations for the rollout of the 24-hour economy programme.
The delegation, which included major representatives from the downstream petroleum sector, visited BOST Energies (APD), Quantum Terminals, and the Sentuo Oil Refinery on November 17.
The nationwide exercise will cover all fuel installations as the government works to position the petroleum downstream industry to operate efficiently under the new policy framework.
Dr. Bukari, who also chairs the Infrastructure and Technology Sub-Committee for the downstream sector, explained that the tour was designed to assess current operational conditions, identify bottlenecks, and determine the level of support required from government to enable the industry to transition effectively into 24-hour operations.
Meanwhile, the Chief Executive of the NPA, Godwin Edudzi Tameklo Esq., on Wednesday met with stakeholders and executives of the 24-Hour Economy Secretariat to roll out collaboration on the Night Economy Pilot Project within the Osu enclave in December, as part of ongoing measures to implement the 24-Hour Economy Initiative in the petroleum downstream industry.
The meeting underscores the practical insights required to guide the full implementation of the initiative, highlighting that the pilot project is designed to test how the 24-hour economy can be effectively implemented in the petroleum downstream sector before nationwide rollout.
In his remarks, Mr. Godwin Kudzo Tameklo Esq., Chief Executive of the National Petroleum Authority (NPA) and chairman of the meeting, emphasized that security will be a major priority during the pilot project.
He stressed the need for strong collaboration with the Ghana Police Service to ensure protection and to provide guidance on safety, operational strategies, and challenges associated with supporting the 24-hour economy.
In attendance were representatives of the Oil Marketing Companies (OMCs), the Chamber of Oil Marketing Companies (COMAC), executives of the 24-Hour Economy Secretariat, and staff of the NPA.
GreenCo Power Services Limited, the Zambian entity of the Africa GreenCo Group, has commissioned its newly constructed office complex in Lusaka.
The head office complex, which is fully powered by solar energy, was officially launched by Zambia’s Minister of Energy, Makozo Chikote.
Speaking at the commissioning ceremony, Minister Chikote described GreenCo Power’s initiative as a significant demonstration of investor confidence in Zambia’s electricity sector and a testament to the government’s clear policy direction in support of private sector participation.
Mr. Chikote said the development reflects the country’s drive toward renewable and alternative energy solutions.
He emphasized that under the leadership of President Hakainde Hichilema, the government is prioritizing strategic collaboration with private players to increase electricity generation and reduce load-shedding.
The Minister further noted that several energy investments are expected to mature soon, adding that the government remains committed to long-term solutions anchored in diversification and open access to transmission infrastructure.
“We must strengthen partnerships with the private sector because it plays a critical role in powering our economy,” he said.
GreenCo Managing Director, Mr. Wezi Gondwe, said the launch of the office complex comes at a crucial time when Zambia is facing electricity shortages, underscoring the company’s commitment to supporting the country through renewable energy trading.
The new GreenCo office complex is located along Independence Avenue in Lusaka, near Woodlands Mall.
Ghana’s Minister for Energy and Green Transition, John Jinapor, has tasked the newly constituted Board of Nuclear Power Ghana (NPG) to fast-track the country’s long-standing ambition of adding nuclear energy to its power generation mix.
Addressing the new Board on behalf of President John Dramani Mahama, Mr. Jinapor said Ghana’s nuclear dream dates back to the era of Dr. Kwame Nkrumah, who first envisioned the development of nuclear power for national growth.
However, he noted that despite decades of planning, the country has yet to deliver a functional nuclear power programme.
“Since the days of Dr. Kwame Nkrumah, our country has aspired to develop nuclear power for electricity generation. Yet, despite decades of effort, this vision has not fully materialised,” Minister Jinapor said.
According to him, global experience has proven the importance of stable and affordable baseload energy for economic development. Nuclear power, he added, remains a reliable path toward achieving sustained industrial growth.
“Every country seeking sustained growth needs access to stable, affordable baseload energy, and nuclear power remains one of the most reliable pathways to achieve this,” he noted.
Mr. Jinapor urged the Board to “break new ground” and push the nuclear agenda beyond feasibility discussions toward concrete action.
“I have charged the Board to accelerate progress and deliver on the long-standing objective of adding nuclear power to our national energy mix,” he said in a post on Facebook.
The newly constituted Board of Nuclear Power Ghana is chaired by Emmanuel Appiah-Korang. Other members are: Ing. Samuel Boakye Dampare, Ing. Edward Obeng-Kenzo, Bernard Kofi Ellis, Benedict Kofi Wompeh, and
Nana Akyaa Amoah-Amissah.
TotalEnergies has signed a deal with Conoil Producing Limited (“Conoil”) to acquire 50% of Conoil’s operated interest in Block OPL 257, while Conoil will acquire TotalEnergies’ 40% participating interest in Block OML 136, both located offshore Nigeria, the company announced in a statement on Thursday.
If the transaction is completed, TotalEnergies’ interest in OPL 257 will rise from 40% to 90%, while Conoil will retain a 10% stake in the block.
Covering an area of about 370 square kilometres, OPL 257 is located 150 kilometres offshore Nigeria’s coast.
The block is adjacent to PPL 261, where TotalEnergies (24%) and its partners discovered the Egina South field in 2005. The field extends into OPL 257.
The company explained that an appraisal well for Egina South is planned for drilling in 2026 on the OPL 257 side, and the field is expected to be developed as a tie-back to the Egina FPSO, located approximately 30 kilometres away.
“This transaction, built on our longstanding partnership with Conoil, will enable TotalEnergies to proceed with the appraisal of the Egina South discovery—an attractive tie-back opportunity for the Egina FPSO. This fits perfectly with our strategy to leverage existing production facilities to profitably develop additional resources and to focus on our operated gas and offshore oil assets in Nigeria,” said Mike Sangster, Senior Vice-President Africa, Exploration & Production at TotalEnergies.
Algeria’s national oil company, SONATRACH, has signed a contract with Chinese firm SINOPEC Guangzhou Engineering Co., Ltd for the construction of a hydrotreating and reforming unit for naphtha at the Arzew refinery.
The agreement was witnessed by the Minister of Hydrocarbons and Mines, Mr. Mohamed Arkab; the Chairman and Chief Executive Officer of SONATRACH, Mr. Nour Eddine Daoudi; as well as senior executives from both companies.
Under the EPCC (Engineering, Procurement, Construction and Commissioning) arrangement, the unit will be built by SINOPEC Guangzhou Engineering Co., Ltd and will cover an area of 5 hectares at the Arzew refinery.
The project is expected to be completed within 30 months.
With a processing capacity of 738,000 tons of heavy naphtha per year, the hydrotreating and reforming unit will increase the refinery’s gasoline production capacity from 550,000 tons to 1.2 million tons annually, thereby enhancing the country’s overall gasoline output.
SINOPEC Guangzhou Engineering Co., Ltd, a subsidiary of the SINOPEC Group, specializes in designing and constructing processing units in the oil and gas sector and provides engineering, procurement, and construction services.
The contract forms part of SONATRACH’s development plan to expand the refining sector and meet gasoline demand in the western and south-western regions of the country.
He encouraged residents and motorists to continue patronising GOIL products, emphasising that choosing GOIL supports the entire nation rather than an individual, as profits are retained within the Ghanaian economy.
In his remarks, the Divisional Chief of Heman Prestea, Nana Nteboah Pra IV, applauded GOIL for the new facility and urged the company to maintain its high standards.
He further called for the introduction of a customer reward scheme for loyal patrons and appealed for the siting of corporate social responsibility (CSR) projects in his traditional area to support community development.
He stressed the need for strong collaboration with the Ghana Police Service to ensure protection and to provide guidance on safety, operational strategies, and challenges associated with supporting the 24-hour economy.
In attendance were representatives of the Oil Marketing Companies (OMCs), the Chamber of Oil Marketing Companies (COMAC), executives of the 24-Hour Economy Secretariat, and staff of the NPA.
Mr. Chikote said the development reflects the country’s drive toward renewable and alternative energy solutions.
He emphasized that under the leadership of President Hakainde Hichilema, the government is prioritizing strategic collaboration with private players to increase electricity generation and reduce load-shedding.
The Minister further noted that several energy investments are expected to mature soon, adding that the government remains committed to long-term solutions anchored in diversification and open access to transmission infrastructure.
“We must strengthen partnerships with the private sector because it plays a critical role in powering our economy,” he said.
GreenCo Managing Director, Mr. Wezi Gondwe, said the launch of the office complex comes at a crucial time when Zambia is facing electricity shortages, underscoring the company’s commitment to supporting the country through renewable energy trading.
The new GreenCo office complex is located along Independence Avenue in Lusaka, near Woodlands Mall.
