Ghana secures oil deal with Nigeria

Jun 23, 2009 02:00 AM

Ghana's President John Evans Atta Mills secured an assurance from the Government of Nigeria that it would supply crude oil to it s neighbour on friendly terms, an official statement in Accra said.
The statement signed by James Agyenim-Boateng, Deputy Minister of Information, said under the arrangement, Nigeria had pledged to supply Ghana with between 60,000 and 65,000 barrels of crude oil daily, with 90 days credit. It said this was the outcome of talks held in Abuja, Nigeria, between President Mills and his Nigerian counterpart Umar Yar'Adua.

The statement said the Nigerian government also pledged to ensure regular supply of gas to help improve Ghana's energy needs. An electricity plant at Tema, 25 km east of Accra, which needs gas to produce some 200 MW of power now and increase it to 560 MW later has been lying idle because there is no gas from Nigeria promised by the West Africa n Gas Pipeline project under which Nigeria is to supply gas to Ghana, Togo and Benin.
The statement said President Mills called for the strengthening of relations between the two countries and said he would do whatever it took to ensure that Ghana-Nigeria relations were improved.

President Mills is in Nigeria with other government officials including Finance Minister Dr Kwabena Duffuor, Energy Minister Dr Oteng Adjei and Foreign Affairs Minister Alhaji Muhammad Mumuni to hold bilateral talks on energy, trade and investment with his Nigerian counterpart. President Mills commended Nigerian business executives for investing in Ghana and gave the assurance that his administration would ensure a level playing field for all investors.
President Mills will also attend the summit of the Economic Community of West African States (ECOWAS) in Abuja.

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