The Tema Oil Refinery (TOR) is set to resume full operations by October 2025, with the goal of reducing Ghana’s dependence on imported refined petroleum products.
According to the Managing Director Edmond Kombat, the refinery’s restart could save the country up to $400 million monthly.
Mr. Kombat made this announcement during a briefing with Parliament’s Energy Committee. The meeting was part of the Committee’s oversight duty to monitor the work and plans of agencies under the Ministry of Energy and Green Transition.
According to Mr. Kombat, TOR is working to resume full refinery operations in the last quarter of the year, specifically in October 2025. He added that the refinery will continue ongoing upgrades to its Gantry and Terminal facilities.
TOR also plans to complete key projects started by the previous administration and focus on improving its financial situation. These efforts include debt restructuring, financial reorganization, and upgrading their laboratory equipment.
The TOR boss appealed to the Committee for support in addressing the refinery’s challenges. He requested assistance in restructuring debts using ESLA funds, converting government debts into equity, reinstating TOR’s share of the ESLA levy, and allowing the company to take part in the primary distribution margin.
He also called for TOR to be represented on the Laycan Committee, which plays a role in scheduling petroleum shipments.