The African Business Journal: Ghana on oil production track

Ghana on oil production track
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African News on 01 September, 2010 10:41:00
 
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."