• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana can continue production in Ivory Coast oil dispute: tribunal

25/04/2015
Reading Time: 1 min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

HAMBURG (Reuters) – An international maritime tribunal on Saturday ruled that Ghana can continue production in a multi-billion dollar offshore oil development in an area caught up in a border dispute with Ivory Coast, but must not start new exploration.

“The decision means that Ghana can continue production from existing oil fields in the disputed area but not start new exploration,” Judge Boualem Bouguetaia, president of the Special Chamber, told Reuters after the ruling was released.

The ruling will be welcomed by British company Tullow, which heads a consortium developing the $4.9 billion offshore TEN oil and gas project, as well as by the government of Ghana. The project is due to go onstream in mid-2016.

The International Monetary Fund agreed to an aid deal this month to help Ghana restore fiscal stability in the face of a high debt-to-GDP ratio and a stubborn budget deficit, and the government is counting on revenue from the TEN project.

Ivory Coast in February asked the Hamburg-based International Tribunal of the Law of the Sea (ITLOS) to issue a moratorium on oil activity by Ghana in the area while legal hearings are held.

The court is expected to make a final ruling on the dispute in 2017 or 2018.

Previous Post

Gov’t to set up Project Development Fund

Next Post

Opinion: Bright Simons’ take on Ghana, Cote d’Ivoire maritime ruling

Related Posts

MostBet Registration Bangladesh

29/12/2023

28/12/2023

Праздничные подарки от 1 win насладитесь Новым Годом с дополнительными выгодами!

22/12/2023

How does the sizing of sp5der clothing run

22/12/2023

Azərbaycanda rəsmi sayt

20/12/2023

Mostbet Casino Azərbaycan üçün imkanlarını təqdim edir

20/12/2023
Next Post

Opinion: Bright Simons' take on Ghana, Cote d'Ivoire maritime ruling

Ruling on boundary dispute favours Ghana in many ways – Tsatsu Tsikata

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In