Struggling with its worst economic crisis in a generation, government is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, Deputy Energy Minister, said on Wednesday.
Ghana has asked India to consider the exploration of three blocks in the western basin and to build refineries as the African nation aims to construct a petroleum hub, Aidoo said.
"There are some opportunities in Ghana especially in the oil and gas front. We have some oil blocks available and we came here hoping to attract Indian investments," Aidoo told Reuters after a meeting with Indian oil minister Hardeep Singh Puri at India Energy Week.
He said Ghana will award exploration licences through direct negotiations if Indian companies are interested.
Ghana wants India to consider three blocks in the western basin, he said.
Apart from offering exploration opportunities, Ghana is also seeking Indian support to build refineries of about 300,000 barrels per day.
"We have space for three of them ... we want to make a petroleum hub," Aidoo said.
Latest Stories
-
Assin Fosu chiefs and elders bless TGMA Unsung Artiste of The Year, Yaw Darling
33 minutes -
Middle-aged, 2 children trapped in their home after a fig tree sealed their frontage doors
55 minutes -
Roots of resistance: The climate cost of cutting Accra’s trees
1 hour -
Reimagining Informality: Harnessing the Urban potential of street vending in Ghana
2 hours -
Former Yendi MP Dr Farouk Mahama donates towards funeral of late Mion chief
2 hours -
Ghana Gas board pledges accountability and staff support during operational tour
2 hours -
Burkina Faso’s uprising is a rebirth, not rebellion – Ras Mubarak
2 hours -
Democracy must deliver dignity and independence, not just regular elections – Ras Mubarak
3 hours -
Catholic Bishops urge President Mahama to declare galamsey state of emergency
3 hours -
Ras Mubarak urges African youth to lead liberation from neo-colonialism
3 hours -
Bawumia back on the road as NPP’s Thank You Tour resumes in Eastern Region
3 hours -
Poaching, Bush Burning: Mole National Park’s ‘conservatory’ scars
3 hours -
West Wave begins access road construction to boost eco-tourism in Tegbi
4 hours -
Woman remanded over possession of 17.92kg suspected cannabis
4 hours -
UCC professor proposes mobile lab to combat food fraud
4 hours