Baychester Petroleum to get funded in 2014 for its Crude Oil Refinery.

Baychester Petroleum Ltd is set to receive substantial investments in its Proposed Oil City Project in the Central Region of Ghana.

Partners such as Princeville Group, USA and (GEM) Global Emerging Market LLC-USA to arrange financing.


 "The Refinery and Storage Facility will be in an integrated complex in the Central Region of Ghana, which is strategically located.

A 500,000 metric ton facility would also be built to complement the trading of refined petroleum products to support its long term export strategy to be a leader in the fuel trading and storage business and is also a response to a new legislation by the National Petroleum Authority (NPA) that makes it mandatory for bulk distribution companies to own their own storage facilities or maintain long term access to storage facilities”.

Construction on our New Export Swing 100,000 Barrels per Day capacity refinery is yet to come on stream.

Plans are far ahead to conduct the Feasiblity Report this year.

The refinery, which will be located along the coast line of the central Region, will have a capacity to produce over Ten million tons of petroleum products per year. The facility, once up and running will focus on the production of strategic products like Aviation, AGO, benzene, LPG,  etc.
News by the Chief Executive Officer
CHIEF KOJO AIDO

Latest News Releases

Date

                            NEWS  RELEASE

 

JULY 25, 2013

EOS- PETRO INC - USA, BAYCHESTER PETROLEUM'S PRINCIPAL PARTNER SECURES USD$400 MILLION FROM GEM FINANCIAL- USA.  

 

 

 

September 7, 2011

BAYCHESTER PETROLEUM LTD, DCOR LLC-USA and PLETHORA ENERGY INC-USA. submit application to the MINISTRY OF ENERGY-GHANA for a Shallow Concession in the (Saltpond Basin/Central Basin). Under the name PLETHORA-BAY OIL & GAS LIMITED.

 

 

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Baychester Petroleum

P.O. Box CO 2906
Tema, Ghana.

Tel: +233 (0) 2017 5 5000
       +233 (0) 2777 3 5656

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