Audio By Carbonatix
The management of the Tema Oil Refinery (TOR) has announced plans to resume full operations by October 2025.
According to officials, the refinery’s return to optimal function is expected to reduce the country’s reliance on imported refined petroleum products.
Appearing before the Energy Committee of Parliament, the Acting Managing Director of TOR, Edmund Kombat, disclosed that the refinery aims to process up to 60% of Ghana’s crude oil consumption to help the nation save an estimated US$400 million spent monthly on refined oil imports.
TOR suspended its operations in 2021 due to the unavailability of crude oil.
However, the Acting MD assured the committee that strategic measures are being implemented to revamp and sustain the refinery's operations.
He also revealed that TOR has not had its accounts audited since 2019.
He, however, assured the committee that steps are being taken to complete the audit by next month and present the financial reports to Parliament.
Latest Stories
-
Milo U13 Championship reaches quarter-final with thrilling match-ups
2 minutes -
From glut to growth – John Dumelo says value addition is the way forward
58 minutes -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
1 hour -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
2 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
2 hours -
Was Prince Harry referencing Trump in joke for Late Show sketch?
3 hours -
Arrest over fire petition stirs public debate in Hong Kong
3 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
3 hours -
Police recover $19k Fabergé egg swallowed by NZ man
3 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
3 hours -
Grand jury declines to charge Letitia James after first case dismissed
3 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
4 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
4 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
4 hours -
Top UK scientist says research visa restrictions endanger economy
4 hours
