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🚨🇬🇭 Ghana breaks crude-export trap to join African refining push Ghana will begin refining oil from its own offshore fields this June 🔸 President John Mahama says Ghanaian crude will be delivered to a domestic refinery for local processing 🔸 The move aims to end the cycle of exporting...

17,304 次观看 • 2 个月前 •via X (Twitter)

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MAHAMA ANNOUNCES HISTORIC FIRST DELIVERY OF GHANAIAN CRUDE TO LOCAL REFINERY President Outlines Bold Value-Addition Agenda at Ghana Diaspora Town Hall Meeting in London LONDON, UNITED KINGDOM — President John Dramani Mahama has announced a landmark breakthrough in Ghana’s energy and industrial transformation agenda, revealing that Ghana will, for the first time in years, begin refining its own crude oil locally as part of a comprehensive strategy to drive industrialization, create jobs, strengthen local manufacturing, and retain greater value within the national economy. Addressing hundreds of Ghanaians, investors, professionals and business leaders at the Ghana Diaspora Town Hall Meeting in London, President Mahama outlined his administration’s vision for transforming Ghana from an exporter of raw materials into a modern industrial economy powered by value addition and local production. Speaking passionately about the future of Ghana’s energy sector, President Mahama disclosed that the government is aggressively expanding offshore oil and gas production while simultaneously ensuring that the country develops the capacity to process more of its natural resources domestically. According to the President, Ghana has secured major upstream investments, including a fresh commitment of approximately US$1.5 billion from ENI in the Offshore Cape Three Points (OCTP) Field to increase the production of both oil and natural gas. However, he stressed that increased production alone is not enough. “We are about to make history again. We did it during my first term, but after we left office it did not continue. In June, we will deliver a parcel of Ghanaian crude from our own oil fields to a refinery in Ghana for processing,” President Mahama announced to loud applause from the audience. The announcement is being viewed as a defining moment in Ghana’s petroleum industry and a significant step toward reducing the country’s dependence on imported refined petroleum products. For decades, Ghana has exported crude oil while importing refined fuels and petroleum products at considerable cost. President Mahama argued that such a model effectively exports jobs, technology, industrial growth, and economic opportunities to other countries. “Normally we produce the oil and export it. Then we import finished petroleum products or import crude again to refine. That cycle must change,” he stated. He explained that local refining will enable Ghana to capture more value from its natural resources, retain foreign exchange, strengthen local supply chains, stimulate industrial growth, and create thousands of direct and indirect jobs for Ghanaians. The President emphasized that the refining initiative forms part of a broader national industrial strategy aimed at building a fully integrated petroleum value chain encompassing extraction, refining, storage, petrochemicals, distribution, manufacturing and exports. Beyond oil and gas, President Mahama called for a national commitment to value addition across every productive sector of the economy. Using Ghana’s mineral sector as an example, he noted that the country continues to export raw gold, manganese, bauxite and other minerals for processing abroad, only to import higher-value finished products at a premium. “When we export raw materials and somebody else processes them, we create jobs in their economy instead of our own. The finished products are then exported back to us. That model cannot deliver sustainable prosperity,” he said. The President stressed that Ghana’s future economic success depends on deliberately moving up the value chain through investments in manufacturing, agro-processing, mineral beneficiation, fertilizer production, petrochemicals, food processing and strategic industrial parks. Economic analysts believe the strategy could significantly reposition Ghana as a leading industrial hub in West Africa while accelerating job creation, technology transfer and export growth.

KALYJAY

19,252 次观看 • 2 个月前

HOW INTL OIL ‘SABOTAGED’ AFRICAN REFINERY Neo-colonialism, as defined by Kwame Nkrumah, is the practice of using economic, political and cultural tools to control a country without direct military occupation. The effective sabotage in 2024 of Nigeria’s Dangote Refinery is a textbook example of neo-colonialism at play. It demonstrates how multinational corporations and foreign governments work together to maintain a system that benefits the West at Africa’s expense. When Africa’s richest man, Aliko Dangote, announced his ambitious plan to build a $20-billion refinery in Nigeria, it sent shockwaves through the oil industry. Its goal is nothing short of revolutionary: to meet Nigeria’s domestic demand for refined petroleum products, eliminate the need for imports and even export to other African countries. But such a move was never going to be welcomed by those who benefit from the status quo. One of the most blatant acts of sabotage came from international oil companies, which essentially refused to sell Nigerian crude oil to the Dangote Refinery. Instead, they demanded a $6 premium above the market price, a move designed to make the refinery’s operations financially unviable. Forced to look elsewhere, the Dangote Refinery had to source crude oil from Brazil and the United States at higher costs, further straining its operations, even though the local market desperately needs petroleum products and the country wastes fortunes importing them. The sabotage of the Dangote Refinery is a stark reminder that the fight for African independence is far from over. While the days of formal colonialism may be behind us, the structures of exploitation remain firmly in place. Over the years, numerous attempts by African nations to build refining capacity and move up the value chain have been thwarted by the stranglehold of foreign corporations. For example, Angola, Africa’s second-largest oil producer, exports most of its crude oil - while importing over 80% of its refined petroleum products. Efforts to build local refineries have been repeatedly delayed or derailed, often due to pressure from foreign interests. The situation extends beyond oil. Africa’s vast reserves of minerals, timber, and agricultural products are similarly exported as raw materials, with the value-added processing taking place in Europe, North America, or China. Despite the interference, it’s hoped Dangote’s refinery will - eventually - boost pan-African integration and pave the way for a more self-reliant energy future across the continent.

African Stream

13,900 次观看 • 1 年前

Dangote has raised his three Daughters strategically, anyone of them can take over his position, and deliver it as perfectly as their father, so there's nothing to fear as far as the issue of leadership is concerned Secondly, Dangote has apparently made a very careful calculation before building this refinery, he knows very well that challenges are forthcoming, that getting Nigeria's Crude Oil would not be easy and satisfactory, because of the volume of corruption associated with our oil sector, that's why he had a plan B in place, which include importing Crude Oil from outside Thirdly, the idea of building another refinery is strategic and carefully calculated, he would not just build oil refinery in East Africa, he's building Africa's self reliant on energy, as well as moving his empire to the next Level Forthly, I believe by the time Dangote completed his new rrginery in the East Africa, he would begin oil exploration in those Eastern African countries, which means he would own the refinery and the oil field combined, which means his refineries might be independent of Nigeria's crude in the next 10-15 years Fifthly, By investing so much in the whole of African Continent, Dangote is providing a playing field for international investors, because investors would never invest in Africa, until they see someone is actually investing in Africa, and nobody can do that but an Aftican industrialist like Dangote Sixthly, Dangote can only have the courage to convince the world industrialist to invest in Africa, if he's actually leading it Seventhly, i believe that other Nigeria's industrialist like Abdusamad Rabiu BUA, Otedola, would also join the race, in investing so much in Africa Eighthly, This refinery would provide thousands of jobs to the people of East Africa Ninthly, This would be the renaissance of Africa And Tenthly Africa would be librated economically

Senior Pastor Okezie James Atañi

11,188 次观看 • 2 个月前