2020: Ghana to produce 500k barrels of oil daily

President John Dramani Mahama has projected Ghana’s oil production to hit half a million barrels per day in 2020.

Addressing a business forum in Iran during an official visit, President Mahama said other discoveries by companies including ENI would increase Ghana’s production of oil and gas significantly.

“We currently are producing 120,000 barrels of oil a day. That is from the Jubilee field. If you add all the additional discoveries that have been made that includes ENI, Greater Jubilee… Ghana’s potential by 2020 will hit about half a million barrels of oil production a day,” he stated.

Mr Mahama is also slated to meet the leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, Speaker of Parliament Ali Larijani and Foreign Minister Mohammad Javad Zarif.

He will also visit a power plant and meet with Ghanaians in Iran before leaving for Accra.