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

News in Brief

SINOPEC threatens to stop gas project due to CDB loan delay

  • SOURCE: | qwesa2big
  • The Ghana Gas Company has confirmed that Sinopec has threatened to abandon the gas infrastructure project if government continues to fail in honouring its financial commitments on the project.

    Sinopec is the Chinese petrochemical company constructing the 700-million dollar gas project which started in 2011 in the Western Region. The project was expected to be completed last year.

    The project is only about 60 percent complete so far, largely due to financial constraints.

    The Chief Executive of Ghana Gas Company, Dr George Sipa Yankey, told Joy Business the Company has been continuously pleading with SINOPEC not to stop work.

    He said government has sent a team to China to discuss the issue with the China Development Bank (CDB), who are financing the project.

    The project when completed will provide gas for power generation as well as domestic purposes.

    Source: myjoyonline


    Get the latest news and updates on Ghana’s oil and gas value chain by following us Reporting Oil and Gas on twitter @oilgasghana and like our facebook page and get at us on Google+. Subscribe to our group to get updates.

    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