GNPC buys land for $8m

Lorlornyofm
By Lorlornyofm April 11, 2019 06:19

GNPC buys land for $8m

The Ghana National Petroleum Corporation (GNPC) has spent an amount of $8.5million to buy a-two-hundred-thousand acre of land located at Takoradi in the Western region.

The plot will be used to establish a petroleum hub, according to the company’s work plan sent to the Mines and Energy Committee upon request by the Parliamentary caucus.

The company has also budgeted $50million for co-investment with a selected partner to establish a company in a selected area (oil refinery fertiliser plant, petrochemical industry, petroleum tank farm etc) in the Western region to attract investors to the petroleum hub.

Source: Ghana/ClassFMonline.com/91.3FM

Lorlornyofm
By Lorlornyofm April 11, 2019 06:19
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