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Ghana-The Latest Front in the Scramble for Africa’s Oil

China is accelerating its efforts to secure access to more of Africa’s oil by teaming its China National Offshore Oil Corp. (NYSE ADR: CEO) with the Ghana National Petroleum Corp. (GNPC) in an effort to bid for a stake in Ghana’s deep sea oil discovery off the West African coast.
The announcement was a surprise on [...]

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New Alpha Refinery (Ghana) Ltd to Build Largest Oil Refinery in West Africa

New Alpha Refinery (Ghana) Ltd., A South African Company has been awarded a $6 billion contract to build the largest Oil Refinery in West Africa.  The Refinery will be located in Accra Ghana.
Executive Chairman Merlyn Julie told Reuters the refinery would initially produce 200,000 barrels per day (bpd), with first production seen by 2015.
“We have [...]

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