Ghana turns on commercial oil production
Ghana joined the ranks of African oil exporters on Wednesday, turning on the taps to about $1-billion of annual crude revenues from an offshore field.
Ghana joined the ranks of African oil exporters on Wednesday, turning on the taps to about $1-billion of annual crude revenues from an offshore field hoped to bolster its expanding economy.
President John Atta Mills, wearing safety gear and blue overalls, opened the valves in a televised ceremony at the 330m-long floating platform about 60km off the West African country’s Atlantic coast.
Initial production of about 120 000 barrels a day will rank Ghana as sub-Saharan Africa’s seventh largest producer, with output set to double within three years.—Reuters
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