Ghana: Jomoro announces a $28 billion agreement for phase two
Ghana has announced a $28 billion agreement for the second phase of its Jomoro petroleum hub. Signed on October 19 by the Petroleum Hub Development Corporation (PHDC) and an international consortium led by Global Sphere, the partnership envisages a 300,000-barrel-per-day refinery, two petrochemical units and port facilities. The industrial ambition is substantial. Its credibility will nevertheless depend on turning the announced agreement into financing, construction and sustainable supply.