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China Interested In Ghana’s Oil

China says it will not hesitate to venture into Ghana’s oil industry if the Government of Ghana gives it the green light to do so.

Gong Jianzhong, China’s Ambassador to Ghana, disclosed this to journalists in Accra at a press conference on Friday to announce the arrival of that country’s Commerce Minister, Chen Deming in Ghana this week for a two-day visit.

According to him, China needs this approval since some international companies have already worked assiduously to develop the Jubilee Oilfield.

“We would not hesitate to operate in Ghana’s new oil industry if the government gives us the opportunity. We know certain companies are already operating there but if we are given the chance, we will contribute our quota to the industry and invite more of our investors to come and invest here,” Mr Gong emphasized.

China’s total imports from Ghana last year stood at $2.05 billion, a 27 per cent increase over the previous year’s figure. The imported commodities mainly included cocoa, consumables and building materials.The envoy continued that about 15,000 Ghanaians were granted visas (multiple) to China last year as against 7,000 Chinese business people and tourists who visited Ghana.

Chinese companies operating in Ghana stands at about 500, the Ambassador stated. “We share a similar history. We have a lot of experience to share with our Ghanaian brothers and sisters, and we believe that there is more we can do in a lot of areas, hence His Excellency, the Commerce Minister’s visit to put a lot of things in their right perspective.”

The Ghana Chinese Chamber of Commerce (GCCC) currently has more than 50 member firms who originate from mainland China, Taiwan, Hong Kong and Ghana.

GCCC aims at enhancing the mutual information sharing between Chinese corporations, intercultural relations between China and Ghana and improvement of commerce between the two countries and their people.
http://business.peacefmonline.com/news/201102/136093.php

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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