crude oil refinery machine exported to netherlands in ghana

                                               
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
                                               
                                               
                                               
                                               
  •                                        
  •                                        
  •                                        
  •                                        
  • Which countries export crude oil from Ghana?
  • In the same year, Crude Petroleum was the 2nd most exported product in Ghana. The main destinations of Crude Petroleum exports from Ghana are China ($1.24B), South Africa ($506M), the United States ($353M), the Netherlands ($153M), and Thailand ($128M). Alarmingly, TOR couldn¡¯t refine these billion-dollar crude oils.
  • How much crude oil does Ghana produce a day?
  • As of October 2021, the crude oil production capacity in Ghana stood at174,000 barrels per day while TOR imported 201,000 barrels per day in the same year (April 2021). According to OEC Report, in 2020, Ghana exported $2.71B in Crude Petroleum, making it the 27th largest exporter of Crude Petroleum in the world.
  • How much oil did Ghana export in August 2023?
  • The oil exports in Ghana decreased to $328.80 million in August 2023 from $381.40 million in July 2023.
  • Is Ghana vulnerable to oil price shocks?
  • As a small and open economy,Ghana is often vulnerable to oil price shocks in the event of any significant price fluctuations. As of October 2021, the crude oil production capacity in Ghana stood at 174,000 barrels per day while TOR imported 201,000 barrels per day in the same year (April 2021).
  • When did Ghana start producing crude oil?
  • Ghana started commercial production of crude oil inDecember 2010. The country's Jubilee oil field produces the high-grade 'Sweet Light' oil. Unfortunately, TOR was not designed to process the light sweet crude oil. TOR's refining plant was designed as a Hydroskimming plant.
  • How has Russia impacted the oil industry in Ghana?
  • Since the beginning of the 2022 Russian invasion of Ukraine, overall prices of petroleum products in Ghana have risen significantly. The effect of the war on the global oil industry is indeed noticeable. In Ghana, the price of gasoline rose from 6.9 Ghanaian cedis (GHS) on January 3, 2022, to nearly 16.6 GHS by December 26, 2022.