The Effutu Municipal Assembly is facilitating the process of setting up an oil refinery between Nsuekyir and Gyangyanadze by the Kalahari Investment Company Limited.
The Central Regional Minister, Mr Samuel Sarpong announced this at a durbar of Chiefs of Effutu to mark their annual Aboakyer festival in Winneba on Saturday.
He said when completed, the company will initially refine capacity of 200,000 BPSD of oil and rises to 400, 000 BPSD in ten years period.
80 per cent of the refined oil will be exported whilst 20 per cent will be utilized in Ghana.
According to him, the company had completed discussion with chiefs in the area on the acquisition of 2,600 acres of land under the auspices of the Municipal Assembly for the project and therefore urged the technocrats at the Assembly to effectively engage the company for the mutual benefit of the people.
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