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Zanganeh Holds Talks With Ghana Oil Minister

Zanganeh Holds Talks With Ghana Oil MinisterZanganeh Holds Talks With Ghana Oil Minister

Iran’s Oil Minister Bijan Namdar Zanganeh discussed the export of crude oil and petroleum products to Ghana in a meeting with his Ghanaian counterpart Emmanuel Armah Kofi Buah on Sunday.

“Ghana produces little amount of oil and a majority of its [energy] reserves are still untapped,” Zanganeh was quoted as saying by Shana.

“Iran is ready to start oil shipment to Ghana.”

Zanganeh noted that a memorandum of understanding will be signed “within days” with Africa’s ninth-largest economy.

Iran has vowed to ramp up crude production capacity by 500,000 barrels a day within six months of the removal of international sanctions. The sanctions were lifted on Jan. 16.

The Persian Gulf country is diversifying its crude exports and taking steps to raise shipments bound for Europe and Africa, besides its traditional customers such as Japan, China, South Korea and India.

Financialtribune.com