The Minister of State at the Ministry of Energy, Herbert Krapa, has announced that the Tema Oil Refinery (TOR) will resume operations within the next three months.
According to Mr. Krapa, the resumption date was agreed upon by TOR management. He expressed the government’s commitment to ensuring production at TOR, stating that a strategic partner for the refinery is being secured, and the process will soon be completed to enable TOR to commence operations.
The Minister of State at the Ministry of Energy made this announcement in a Facebook post after paying a working visit to TOR and Sentuo Oil Refinery on Tuesday, July 23, 2024.
In his post, Mr. Krapa stated, “Earlier today, I paid working visits to Tema Oil Refinery and Sentuo Oil Refinery. I am happy to announce that together with the Management of TOR, we agreed on a three-month timeline for the resumption of the plant.
“I also announced the government’s plan to immediately revive TOR’s Testing Laboratory for revenue generation. I charged both TOR and Sentuo to see each other as partners and collaborate for the growth of both refineries.”
During his visits, he called for the support of all stakeholders to revive the facility.
“There is no gain in saying TOR needs all our support, and attention and we all need to put our hands on deck it is for these reasons that I chose TOR to be my first official visit to the institutions that work under the ministry. I don’t think it’s late in the day.”
The facility is currently led by the Managing Director, Kofi Tagoe Mocumbi.
TOR shut down operations several years ago due to a lack of crude oil which serves as the raw material for the refinery.
Before its collapse, the refinery had the capacity to refine about 45,000 barrels of crude oil a day.
However, some stakeholders in the oil value chain are concerned that the non-operationalization of the refinery is also affecting the price of imported fuel.
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Citibusiness
