A consortium of five international and local firms has held an exploratory meeting with the Petroleum Hub Development Corporation (PHDC) to explore potential investment and technical partnerships.
The meeting marks a significant milestone in Ghana’s efforts to operationalise its vision of becoming a premier petroleum and petrochemical hub for the continent.
Welcoming the delegation, Onasis Rosely, Deputy CEO of Operations and Technical, described the Petroleum Hub as a transformative opportunity not only for Ghana but for Africa’s broader energy future.
He noted that the scale of the project reflects a bold response to the continent’s persistent energy challenges, adding that Ghana’s central location in West Africa, coupled with political stability and a favourable investment climate, makes it an ideal base for such an undertaking.
“This project is ambitious, but it is achievable. Ghana offers a stable democracy, investor-friendly regulations, and a strategic geographic advantage.
“We believe the Petroleum Hub is a long-term answer to Africa’s energy demands, and we welcome partners who share our vision.”
Onasis Rosely, Deputy CEO of Operations and Technical of PHDC
The consortium includes IBS Dolphin LTD, serving as the local partner, alongside Gharably Integrated Engineering Company (GIECO), Worldwide Container Services, an International Marketing Firm, and an International Consulting Engineering Firm with expertise in equipment, logistics, and project management.
These firms represent a blend of technical, logistical, and strategic capabilities, positioning them as potential key players in the successful execution of the Petroleum Hub project.
On her part, Deputy CEO for Finance and Administration, Halimatu Sadia Abdulai, provided an overview of the project’s various components, including its central and ancillary infrastructure, expected impact, and economic significance.
She underscored the importance of capacity and credibility, inviting the consortium to provide additional documentation and proof of readiness to undertake such a monumental assignment.
“Our mandate is to ensure this project is realised with the highest standards.
“We are therefore keen to know more about your capacity to deliver, both financially and technically.”
Halimatu Sadia Abdulai, Deputy CEO for Finance and Administration of PHDC
Investment Talks Gain Momentum
Representing the consortium, GIECO’s Managing Director for External Projects, Wagdi Salah, expressed strong interest in contributing to Ghana’s petroleum transformation.
He detailed GIECO’s extensive experience in delivering large-scale infrastructure across Africa, including in Egypt and Gabon, and affirmed the company’s strategic shift to focus more on West Africa.
Mr. Salah commended PHDC for its seamless coordination and effective information sharing, stating that the Corporation’s approach sets it apart from other institutions his team has encountered.
“From the onset, we’ve been impressed by the level of organisation and transparency from PHDC. It’s clear that Ghana is serious about executing this vision.”
Wagdi Salah, GIECO’s Managing Director for External Projects
At the close of the engagement, both parties agreed to continue consultations, with the possibility of the consortium participating in the early phases of construction and development.
While no formal agreement has been signed yet, the meeting sets the tone for deeper collaboration in the weeks ahead.
The Petroleum Hub Project is a cornerstone of Ghana’s energy and industrialisation agenda. Envisioned under the Petroleum Hub Development Corporation Act, 2020 (Act 1053), the project is expected to be developed in the Jomoro area of the Western Region.
With an estimated value of $60 billion, the hub will house three refineries with a combined processing capacity of 900,000 barrels per stream day (BPSD), five petrochemical plants processing at least 90,000 BPSD, extensive storage infrastructure with a capacity of 10 million cubic meters, and multiple jetties to facilitate maritime logistics.
The long-term vision for the hub includes establishing Ghana as a competitive petroleum and petrochemical hub in Africa, supporting both regional energy security and intra-African trade integration.
The PHDC is leading the charge in aligning infrastructure development with innovation, research, and capacity building, aiming to unlock thousands of direct and indirect jobs while catalysing downstream industrial growth.
The momentum around the Petroleum Hub Project is gaining speed, with increasing interest from global investors and engineering powerhouses.
As Ghana pushes forward, the successful implementation of the hub could redefine the nation’s economic landscape and serve as a model for regional energy collaboration.
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