By Gayheart Anahor
Ghana Oil Company Limited has said it is preparing to start the construction of two major facilities, a bitumen depot and an LPG recirculation plant, which will be sited in Tema and Kumasi, latest by July 2019.
The construction of these facilities comes as part of strategical moves in transforming the operations of the only Ghanaian and state-owned company oil marketing company (OMC) in the downstream sector.
To add to this, it is anticipating to announce the signing of an agreement with some major International Oil Companies (IOCs) to progress into upstream operations among others.
“The contract has already been awarded and the contractor is working so I must say we’re on course but it’s a very big project because as I indicated it’s going to be one of the biggest processing plants in West Africa due to the quality of bitumen it will supply”, Chief Operating Officer Alex Adzew told the press.
On his part, the Acting Group Chief Executive Officer (CEO) and Managing Director (MD) of Ghana Oil company Limited, Mr. Kwame Osei Prempeh, said that by the end of his time in office, all these major feats would have been accomplished.
The former Deputy Minister of Justice and Deputy Attorney General under the erstwhile John Agyekum Kufuor administration, and board member of Ghana Oil Company Limited, who takes over from the outgoing CEO and MD, Patrick A. K. Akorli, revealed this at the commission of a new office complex for the Middle and Upper Middle Belt Zone of the company, in Kumasi.
The bitumen plant will have the potential to supply quality bitumen for road construction not only in Ghana but in the West African subregion.