An investment consortium from China, the United Arab Emirates, and Ghana has expressed keen interest in Ghana’s Petroleum Hub project, firmly pledging support to help achieve Ghana’s goal of becoming the first African nation to establish a petroleum and petrochemical hub.

On Wednesday, July 2, 2025, the consortium—consisting of Hilma Africa from the UAE, Beijing Petroleum Engineering from China, Krabton and Associates, and Pro Xperts–EPC from Ghana—visited the Petroleum Hub Development Corporation (PHDC) for in-depth discussions with Acting Chief Executive Officer Dr. Toni Aubynn and his team.

The discussions centered on investment opportunities within the Petroleum Hub and the consortium’s potential to advance the project through its financial commitment.

Led by Dr. Alkhir Zayed, Vice President of Well Service, and Liu Ge, Vice General Manager of Beijing Petroleum Engineering, the team asked numerous questions to explore diverse investment prospects within the Petroleum Hub.

Dr. Toni Aubynn and Abigail Abrokwah, Senior Manager of Business Development at PHDC, provided a detailed overview of the project’s phases, including its primary and ancillary facilities.

They also outlined the available investment packages and clarified how the PHDC is streamlining investment processes for the hub.

Dr. Toni Aubynn guided the delegation through the registration process, encouraging them to formalize their interest by submitting an expression of interest, which he hopes will foster an enduring and mutually beneficial partnership between the consortium and the PHDC.

Following a dynamic and informative discussion, Dr. Alkhir Zayed stated, “We assure you that our commitment is to the benefit of Ghana.”

About the PHDC

The Petroleum Hub Development Corporation (PHDC) was established under the Petroleum Hub Development Corporation Act, 2020 (Act 1053), with a mandate to lead the development of a world-class petroleum and petrochemical hub in Ghana, serving the West African sub-region and beyond.

PHDC aims to meet the continent’s growing demand for petroleum products and services by fostering innovation, research, and strategic infrastructure development. Through the creation of an integrated value chain, the Corporation seeks to unlock economic opportunities, stimulate industrial growth, and generate employment for Ghanaians and other Africans.

About the Petroleum Hub Project

Valued at approximately US$60 billion, the Petroleum Hub Project will be situated in Jomoro, in Ghana’s Western Region.

The project encompasses the construction of three refineries with a combined capacity of 300,000 barrels per stream day (BPSD), five petrochemical plants with a minimum capacity of 90,000 BPSD, storage facilities capable of holding 10 million cubic meters of products, and at least two jetties to support export and import activities.