Ghana on oil production track
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TABJ Sep 1 - Ghana is on track to pump its first barrel of crude oil in December, putting total reserves at 1.6 billion barrels, according to Vice President John Dramani Mahama.
That belief reaffirmed the nation's push to join the league of oil producers.
"In December, Ghana will join the league of petroleum-producing nations as commercial production begins," said Mahama. "Conservative appraisal of the wells and available statistics based on credible scientific findings indicate that the country holds potentially about 1.6 billion barrels of crude oil.
"Ghana cannot see the oil industry as a miracle wand to solve all problems. Rather, the country can prudently use this resource to achieve significant economic turnaround."
That belief reaffirmed the nation's push to join the league of oil producers.
"In December, Ghana will join the league of petroleum-producing nations as commercial production begins," said Mahama. "Conservative appraisal of the wells and available statistics based on credible scientific findings indicate that the country holds potentially about 1.6 billion barrels of crude oil.
"Ghana cannot see the oil industry as a miracle wand to solve all problems. Rather, the country can prudently use this resource to achieve significant economic turnaround."
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