GNPC secures Land worth $8.5million

A two hundred thousand acres of land at an amount of $8.5million has been secured by the Ghana National Petroleum Commission (GNPC).

The plot of land located at Takoradi in the Western region 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 budget $50millon for co-investment with a selected partner to establish a company in a selected area (oil refinery fertilizer plant, petrochemical industry, petroleum tank farm etc) in the Western region to attract investors to the petroleum hub.