Ghana to begin pumping oil

Monday, December 20, 2010

The West African nation of Ghana is due to pump its first commercial oil after the discovery of the offshore Jubilee Field three years ago.

A consortium led by UK-based Tullow Oil hopes to produce 55, 000 barrels per day, increasing to 120, 000 barrels in six months.

Ghana, one of Africa's most stable countries, is expected to earn $400m (£254m) in the first year.

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