Noah Group of Companies has held preliminary discussions with the Petroleum Hub Development Corporation (PHDC) to explore investment opportunities.
A high-powered delegation, led by Noah Group’s Chairman, Dato’ Muhammad Noah bin Abdallah, met with PHDC’s Chief Executive Officer, Dr Toni Aubynn, on Tuesday, October 6, 2026, to discuss potential areas of collaboration between Malaysia and Ghana on the development of the Petroleum Hub project.
According to Dato’ Muhammad Noah bin Abdallah, the Malaysian government has instructed his company to explore promising opportunities in Ghana’s oil and gas sector.
Welcoming the delegation from Malaysia, Dr Toni Aubynn provided an overview of the Petroleum Hub project, highlighting its strategic importance to Ghana’s energy sector, existing market opportunities for investors, and the historical relationship between Ghana and Malaysia as a precursor for future partnerships.
Highlighting the opportunities that create a competitive advantage for the Hub, Dr Aubynn noted that tax incentives, political stability and growing consumer demand for petroleum products constitute some of the monetary and non-monetary incentives the group can take advantage of.
The delegation expressed positive impressions of the 22 to 27-metre seawater depth at Jomoro, which will support the docking of large crude vessels.
The discussions further explored opportunities for Noah Group of Companies to explore feedstock supply options, as well as opportunities for strategic partnerships to advance the project.
The engagement forms part of PHDC’s broader efforts to attract potential investors and strategic partners in order to position the Petroleum Hub as a major catalyst for Ghana’s energy and industrial transformation.
About the Petroleum Hub Project
The Petroleum Hub Project will be located in Jomoro, in Ghana’s Western Region. The hub will comprise three refineries with a total capacity of 900,000 barrels per stream day (BPSD) and five petrochemical plants with a minimum capacity of 90,000 BPSD. Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
