Burkina Faso has finalized the acquisition of the Tema Multi-Purpose Terminal hydrocarbon depot in Ghana for $70 million.
This strategic investment aims to bolster the Burkinabè National Hydrocarbons Company (SONABHY) by increasing its fuel storage capacity and enhancing the country’s energy security.
The purchase provides Burkina Faso, a landlocked nation, with direct access to a coastal fuel storage facility, ensuring a more reliable and efficient supply of hydrocarbons.
This move is expected to reduce logistical challenges and improve energy management for the country.
Source:Mybrytfmonline.com
