Ghana’s total petroleum receipts from liftings and other petroleum receipts as at September 2017 increased to US$362.6 million (GHȻ1,552.1million), compared with the receipts of US$172.9 million (GHȻ671.5 million) for the same period in 2016.
The Minister of Finance, Ken Ofori-Atta disclosed this today when he appeared before for the country’s legislatures to present the 2018 Budget in Accra.
According to him, receipts from crude oil liftings for the period up to September 2017 accrued from the 35th (lifted in December 2016) to the 38th Jubilee liftings and 1st (also lifted in December 2016) to 3rd Tweneboa, Enyenra, Ntomme (TEN) fields offshore liftings, amounted to US$339.3 million (GHȻ1,451.4 million).
Mr Ofori-Atta explained that as at end September 2017, Ghana National Petroleum Corporation (GNPC), a state-owned oil exploration and production firm had lifted six parcels of crude oil consisting of the 36th to 39th Jubilee and the 2nd and 3rd TEN liftings) on behalf of the State and transported a total of 20,545.44 Million Standard Cubic Feet (MMscf ) of gas to GNGC.
Total crude oil lifted was 5.8 million barrels (3.8 million barrels of Jubilee oil and 2.0 million barrels of TEN oil), compared to 2.9 million barrels (all from Jubilee field) for the same period last year, he said.
African Eye Report
