Page 6 - AfrOil Week 47 2021

AfrOil PIPELINES & TRANSPORT AfrOil

BOST receives long-delayed

shipment of US-produced pipes

GHANA BULK Oil Storage and Transportation (BOST), serve Ghana’s interior regions and of expanding
Ghana’s state fuel import concern, has finally the storage capacity of the Mami Water termi-
taken delivery of the steel pipes that will be nal from 120,000 tonnes to 230,000 tonnes. (The
used to expand the Tema-Akosombo petro- Mami Water terminal connects the Accra Plains
leum product pipeline after a delay of 12 years. Depot (APD), Ghana’s main fuel import facility,
According to a GhanaWeb report dated Novem- to the Akosombo petroleum products depot.)
ber 22, the company received the shipment of It has now revised its plans and will use the
12-inch (305-mm) pipes on November 19. pipes to expand the diameter of the Tema-
As noted above, the delivery is long overdue. Akosombo line from 6 inches (152 mm) to 12
BOST had originally ordered the materials from inches (305 mm). Edwin Alfred Provencal, the
American Tank & Vessel (ATV), a US-based managing director of BOST, said in September
company, in 2009 with the intent of using part of this year that the expansion project would sig-
of a $79.4mn credit from the US Export-Import nificantly boost fuel supplies in Ghana’s interior
Bank (Eximbank) to settle its bill. However, the regions. ™
government of Ghana, which was then led by
President John Atta Mills, did not complete the
payment process. The succeeding administra-
tion, led by President John Dramani Mahama,
also failed to resolve the matter. As a result, the
pipes remained in the port of Houston and were
not sent to Ghana.
Now, though, Ghana’s current government,
led by President Nana Akufo-Addo, has finally
paid the $63.2mn purchase price for the US-pro-
duced pipes. It has also spent $8mn to refurbish
the pipes, which were in poor condition after
been left in Houston for so long, and has paid
$2.1mn to cover shipping costs.
BOST had originally ordered the pipes with
the intent of constructing two fuel pipelines to The pipes arrived in Ghana on November 19 (Photo: Asaase Radio)

INVESTMENT
TotalEnergies ready to invest billions of

dollars in Libyan upstream projects

LIBYA TOTALENERGIES (France) has announced North African country’s crude output by
plans to invest billions of dollars in Libya’s oil 100,000 barrels per day (bpd), he said.
industry, which has succeeded in boosting pro- Pouyanné also said his company was set to
duction levels considerably since the signing of increase its stake in Waha now that Libya’s Gov-
a ceasefire agreement last year. ernment of National Unity (GNU) has author-
Patrick Pouyanné, the CEO of TotalEner- ised Hess (US) to sell its own 8.16% stake in the
gies, outlined his plans at the Libya Energy & fields to ConocoPhillips (US) and TotalEnergies.
Economic Summit in Tripoli on November 22, He did not say how the stake would be split, but
saying that his company was ready to support S&P Global Platts quoted anonymous sources
efforts to increase production. TotalEnergies close to the matter as saying that ConocoPhil-
intends to pump $2bn into the Waha oilfields lips and TotalEnergies would both add 4.08% to
and anticipates that the project will raise the their current holdings of 16.3% each.

P6 www. NEWSBASE .com Week 47 24•November•2021