Mustapha Abdul-Hamid, Chief Executive Officer of Ghana’s National Petroleum Authority (NPA), stated that the coming on stream of the 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery would transform the Ghanaian downstream sector by lowering the cost of petroleum product importation into Ghana.
Speaking on the following topic at the 16th Oil Trading and Logistics Expo in Lagos: “Regulating Downstream Energy Transition in Dynamic Times,” Abdul-Hamid said the completion of the Dangote Petroleum Refinery project would be a breakthrough for the West African region, which has for a long time depended on the importation of petroleum products.
He stated that Ghana is currently dealing with the issue of a constant increase in the price of petroleum products and added that getting importers to focus on Nigeria rather than traveling all the way to the Netherlands for the importation of petroleum products would help his country reverse the trend of a constant rise in the price of fuel. He said, “The downstream sector in Ghana will be significantly impacted by the Dangote Petroleum Refinery.”
