Mahama directs Petroleum Commission, other agencies to work on feedstock supply for Petroleum Hub Project

The Petroleum Commission and other state agencies in the upstream oil and gas sector have been instructed by President John Dramani Mahama to work with the Petroleum Hub Development Corporation (PHDC) to devise mechanisms that will ensure a constant supply of feedstock for the Petroleum Hub project.

According to the President, feedstock availability is essential to the functionality of the project. He stressed that, even before the facilities become operational, the Petroleum Commission, which is the state regulatory body for the upstream sector, should collaborate with the PHDC and other upstream players to establish a reliable feedstock source to power the refineries and petrochemical plants.

“I request the Petroleum Commission to work with the Corporation and upstream operators to arrange a reliable feedstock supply for the Hub’s refineries and petrochemical plants,” he said.

Speaking at the opening of the 15th Local Content Conference and Exhibition (LCCE) in Takoradi on 10 November 2026, President Mahama expressed the view that government was particularly focused on, and committed to, the Petroleum Hub project, which he regarded as an ideal vehicle for realising his ambition for Ghana’s oil and gas industry.

The President’s vision for the sector is anchored on value addition and industrialisation. He believes that the Petroleum Hub project is of consequential importance in achieving this objective, given its provision for complex infrastructure, including refineries, petrochemical plants and storage facilities.

He envisions a future in which Ghana’s industrialisation drive is directly linked to its growing oil and gas sector, with the Petroleum Hub project providing the platform for such a transformational linkage.

“Our petroleum resources can support a much wider industrial economy. That is the purpose of linking upstream production with domestic refining, gas processing and petrochemical manufacturing,” he stated.

“The US$28 billion agreement between the PHDC and a consortium led by Global Sphere for Phase Two forms part of our efforts to position Ghana as a regional hub for refined petroleum and petrochemical products,” the President added.

In October 2026, the Petroleum Hub Development Corporation announced a US$28 billion partnership agreement with an international consortium of investors and technical partners led by Global Sphere for the development of Lot Two of Ghana’s Petroleum Hub project.

The consortium comprises partners from South Korea, the United Arab Emirates and Mali. The investment is expected to support the development of major petroleum refining, petrochemical and storage infrastructure.

Under the terms of the agreement, Lot Two will comprise a refinery with a capacity of 300,000 barrels per stream day, two petrochemical plants, storage infrastructure with a capacity of four million cubic metres, and a multi-berth jetty.

The Chief Executive Officer of the PHDC, Dr Toni Aubynn, indicated that the facilities are expected to be developed within five years. Initial construction-related activities at the project site in Jomoro are scheduled to commence in the first quarter of 2027, subject to the satisfaction of conditions precedent in the agreement and the completion of preparatory requirements for project commencement.