Comprehensive  Ghana Oil and Gas news, information, updates, analysis

News in Brief

IFC to provide $8m debt financing to Quantum Oil Terminal for petroleum storage facility

  • SOURCE: | qwesa2big
  • ifc bankThe International Finance Corporation (IFC) of the World Bank Group says it will provide debt financing to Quantum Oil Terminal Limited, a subsidiary of Quantum Group, an independent trader and distributor of petroleum products in Ghana.

    In a press release copied to Thursday June 4, 2015, the IFC says the financing will support the development of a 55,000 metric ton of petroleum products storage facility, located near the Tema harbour.

    The total cost of the project, the IFC says is approximately $33.3 million, and the storage facility will be utilized mainly by Sage Petroleum Limited, the trading arm of Quantum Group, and another Bulk Oil Distributing Company, it adds.

    The release notes that the loan agreement will be signed today, June 5, 2015 in Accra.

    Source :

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes ( with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream

    Partners We are proud to be associated with:

    Skip to toolbar