The Sentuo Group says it is investing $980 million in a two million metric ton per annum capacity oil refinery in Tema, with plans for a second phase to increase the capacity by an additional three million metric tons per annum.
The challenges posed by Ghana’s heavy dependence on oil importation are well-documented, with the
country currently importing 97% of its petroleum products.
John Mahama, the flagbearer of the National Democratic Congress (NDC), has vowed to revitalize the Tema Oil Refinery (TOR) if he is elected president in the upcoming December 7, 2024, general elections.
The Institute for Energy Policies and Research (INSTEPR) in consultation with other civil society organizations and industry experts will organise a forum to engage the government to find a lasting solution to the Tema Oil Refinery (TOR) problem.
Petrol XP is their registered name with Petro XP as their trade name, and documents available to TOR conform with documentation at the National Petroleum Authority (NPA
The Tema Oil Refinery (TOR) says it is in negotiation with a private investor, Decimal Capital Ltd, to refine crude oil in Ghana.
TOR permitted to negotiate lease agreement to refine crude oil with Decimal Capital Ltd – Management
Management of the Tema Oil Refinery (TOR) has announced that the Ministry of Energy (MoE) has permitted the Oil Company to negotiate a lease agreement to refine crude oil with a private investor, Decimal Capital Ltd
The company, which operates under an exclusive 15-year concession agreement from the Ghanaian Government on an
open-access basis, is jointly owned by Mining Oil & Gas Services of South Africa (65%) and Tema Oil Refinery (35%).