Tuesday, July 15, 2008

COMPANY DEVELOPS MINI-REFINERY (SPREAD)

THE Oil and Gas Development Corporation (OGDC), one of the oil companies which has applied to prospect for oil in Ghana, has developed a mini- oil refinery.
Briefing the media in Tema, Mr John Holland, the President of the UK-based OGDC, said the mini refinery had been designed to refine crude oil on site.
He explained that the refinery was economically viable because it could operate on site, thereby cutting down on the high cost of lifting the crude oil to a refinery.
He told the media that as soon as the OGDC received its operating licence, the OGDC would formalise its $2-billion deep water and onshore oil and gas drilling project.
He disclosed that the project would create more than 2,400 jobs for Ghanaians, who will be involved in the construction of the refinery and the fabrication of swamp barges.
Mr Holland said a leading venture capital organisation had mandated the OGDC to manage four drilling swamp barges for use on charter basis in West African and South Asian oil and gas markets.
Meanwhile, the OGDC has opened offices in Tema, Nigeria, China and Brazil.

1 comment:

Dana said...

Hello everybody! please need information is there are on the Tema road to Togo any big bus accidents since 13th of july till 18 july 2008? How happen no any information about this.