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The Tema Lube Oil Company commissioned its new oil blending plant, designed to produce 25,000 tons of oil per year, in 1992. The plant was to satisfy both North Ghana and Ghana's requirements for motor and gear lubricants and 60% of the country's need for industrial lubricants, or, in all, 90% of Ghana's demand for lubricant products.
In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government ...
The oil firm blamed the decline on "sand contamination of the flowlines that carry the oil from the underwater wells" to the storage facility on the surface. [3] The field produced 75,000 barrels per day (11,900 m 3 /d) in 2021. [4] Tullow Oil's Jubilee Oil Field production decreased to 89,000 bpd by October 2024, from over 90,000 bpd in July.
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
Ghana, the world's second biggest cocoa producer, became an oil producer in 2010. Output is currently around 132,000 bpd of crude oil and about 325 million standard cubic feet per day of natural gas.
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Ghana's increasing oil exports as a percentage of all exports. Ghana has 5 billion barrels (790 × 10 ^ 6 m 3) to 7 billion barrels (1.1 × 10 ^ 9 m 3) of petroleum in reserves. A large oilfield which contains up to 3 billion barrels (480 × 10 ^ 6 m 3) of sweet crude oil was discovered in 2007. [58]
This is a list of countries by net oil exports in barrels per day based on The World Factbook [1] and other sources. [2] "Net export" refers to the export minus the import. Note that the net export is approximate, since the import and export data are generally not for same year (though year-to-year changes are generally small).