Government plans to restart crude oil refining operations at the Tema Oil Refinery (TOR) by the end of this year as part of efforts to cut the nation’s annual USD 10.2 billion oil import bill and conserve foreign exchange while stabilizing local fuel prices.
President Joko Widodo expressed his desire to build an oil refinery in Ghana. This was revealed by Jokowi during a bilateral meeting with Ghanaian President Nana Addo Dankwa Akufo-Addo in Casablanca Room, Mulia Hotel Nusa Dua Bali, on Monday, September 2, 2024.
Ghanaian President Nana Akufo-Addo has officially launched the construction of a 300,000 barrel-per-day oil refinery. However, critics have raised concerns about potential flaws in the project.
The $2 million Sentuo Oil Refinery has an initial processing capacity of 40,000 barrels per day, scalable to 100,000 barrels when the facility is fully operational
Africa’s richest man Aliko Dangote’s Dangote Industries Limited has announced that Nigeria’s President Muhammadu Buhari will officially
unveil its $19-billion petrochemical complex, the Dangote Oil Refinery, before the end of his term in May 2023.