Output

It’s an interesting time in the world of oil, particularly in Nigeria, where the national petroleum company and the Dangote refinery— the country’s pride, with a staggering $20 billion investment and an impressive capacity of 650,000 barrels per day (bpd)— have recently shifted their sourcing strategy. In a surprising twist, they are now turning to the U.S. crude oil market. According to data from Bloomberg's ship tracking, this decision is set to take effect in 2025, marking a significant change in their operational…

The Future of Gold Production in Burkina Faso: A Professional Insight Burkina Faso is gearing up for a significant boost in its industrial gold production by 2025. This growth is largely fueled by key developments, including the ramp-up of Soleil Resources International Ltd.'s operational projects and the expected commencement of output from a new mine managed by Australia’s West African Resources Ltd. According to Aristide Belemsobgo, the Director General of Mines and Geology at the Ministry of Energy, Mines and…

Ghana's oil production in 2024 has seen a heartening yet frustratingly narrow miss as the nation recorded a shortfall of just 0.01%, equating to merely 7,000 barrels, compared to its output in 2023. By the end of 2024, the total crude oil output reached an impressive 48,240,010 barrels, but just shy of the 48,247,037 barrels produced in the previous year. This slight decline raises a myriad of questions: What factors are contributing to this near miss? Is it a reflection of broader global trends or domestic challenges?…

Ghana Bauxite Company: A Visionary Leap Forward The recent capital infusion into Ghana Bauxite Company (GBC) has truly turned the tides of operational efficiency. Picture this: a fleet renewed, machinery retooled, and the acquisition of cutting-edge equipment like surface miners and high-capacity dump trucks. This transformation isn't just a change in machinery but a significant enhancement of GBC's production prowess. GBC's General Manager, Mr. Alexander Gyedu, radiates optimism as he shares how the…