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    Xinhua: Ghana to integrate oil, gas assets

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Ghana's government plans to allow its state oil company to take over all of the country's oil and gas assets

by: Sruthi

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Press Notes, Africa

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Xinhua: Ghana to integrate oil, gas assets

Ghana's government plans to allow its state oil company to take over all of the country's oil and gas assets, according to the 2015 fiscal policy presented to parliament here on Wednesday by Finance Minister Seth Terkper.

In the first move, it will allow the Ghana National Petroleum Corporation (GNPC) to take over the Ghana National Gas Company (GNGC) to create a gas subsidiary, according to the fiscal budget.

The takeover means a more integrated management of the country's oil and gas resources.

"The consolidation of GNPC and GNGC will make it possible to enhance a more integrated management and continue financing of projects in the oil and gas enclave immediately," the budget said.
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