Libya to begin supplying Ghana with oil
Libya will supply 30,000 barrels of oil per day to Ghana, the same amount supplied to the West African nation from Nigeria, reported the Accra Mail.
The deal for the Libyan oil was finalized during a visit to Tripoli by the Ghanaian foreign minister, Hackman Owusu Agyeman, where he had delivered a special message from his president, John Agyekum Kufuor, to the Libyan leader Muammar Qadhafi.
Ghana’s two oil refineries have a daily capacity of 60,000, twice the amount that the country’s traditional oil supplier, Nigeria, was able to supply.
On his return home, Agyeman left behind the Ghanaian energy minister, who remained in Tripoli to finalize the terms and arrangements of the deal, which will become operational in August.
Agyeman said that during his discussion with Qadhafi, the Libyan agreed to Ghana's request for $250 million in assistance to establish an investment fund for small-scale and agro-industries as well as assistance to vaious businesses. – (MENA Report)
© 2001 Mena Report (www.menareport.com)