The State Interests and Governance Authority (SIGA) commends the Board, Management, and Staff of Tema Oil Refinery (TOR) for the successful completion and submission of outstanding Audited Financial Statements for 2019, 2020, 2021, 2022, 2023, 2024 and 2025. This achievement marks a major milestone in the TOR’s governance, compliance, and accountability journey, especially considering that […]
President John Dramani Mahama has announced that the Tema Oil Refinery (TOR) will begin processing Ghanaian crude oil in June 2026 as part of efforts to increase local value addition and reduce the country’s dependence on imported refined petroleum products. He said a shipment of crude oil from Ghana’s offshore fields would be delivered to […]
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has emphasised the need for sustained financial support to secure the long-term operations of the Tema Oil Refinery (TOR). The Tema Oil Refinery recently resumed crude oil processing following the successful completion of major Turnaround Maintenance (TAM) works on its Crude Distillation Unit. […]
The Tema Oil Refinery (TOR) has officially resumed crude oil refining operations after several years of inactivity. The resumption follows the successful completion of major Turnaround Maintenance (TAM) works on the refinery’s Crude Distillation Unit (CDU), carried out between August 1 and October 30. The maintenance exercise, completed within three months, was undertaken in line […]
Ghana’s import landscape in 2024 was dominated by fuel, machinery, and agricultural products, with ten key commodities accounting for 33.4 percent of total imports, according to the latest Ghana Statistical Service (GSS) Trade Report. The highest-value import was Diesel (Automotive Gas Oil – AGO) for the Tema Oil Refinery (TOR), amounting to GH₵28.9 billion and […]
The General Transport, Petroleum and Chemical Workers Union (GTPCWU) of the Trades Union Congress (TUC) has called on the government to constitute an independent non-partisan committee to investigate the alleged misconduct of some outgone members of the Board of Directors of the Tema Oil Refinery (TOR). At a media conference held at the TUC Head […]
A former Managing Director of Ghana’s Tema Oil Refinery (TOR) who was arrested on charges that he orchestrated bribes to Ghanaian officials while employed at the investment bank, Goldman Sachs Group Inc., has been extradited to the United States from the United Kingdom to face the charges. Asante Kwaku Berko, a dual citizen of the United States […]
The Chief Executive Officer of the Tema Oil Refinery (TOR), Mr. Asante Berko has resigned from office, BestNewsGH.com can report. BestNewsGH.com can report that Mr. Berko tendered his resignation to President Nana Addo Dankwa Akufo-Addo today, Tuesday, April 15, 2020. A statement from the Office of the President and signed by the Director of Communications, […]
The Managing Director of the Tema Oil Refinery who has been accused of allegedly facilitating the bribery of some Ghanaian officials in order to secure a contract for a Turkish Energy firm, has denied any wrong doing. Asante Berko has been cited for facilitating the payment of bribes totaling some $4.5M to some Ghanaian officials […]
Chief Executive Officer (CEO) of the Chamber of Bulk Oil Distributors (CBOD), Mr Senyo Hosi has described the Tema Oil Refinery (TOR) as a necessary centre of the success of the proposed petroleum hub in Ghana. He said even though TOR has base assets that can be developed into a variable refinery, the success of […]
The Tema Oil Refinery has refuted allegations by the Institute of Energy Securities (IES) that it is being plunged into further troubled waters as it has incurred a loss of 24 million dollars mainly due to a drastic reduction in the prices of crude oil on the international market. A statement issued by TOR and […]
The Tema Oil Refinery (TOR) yesterday took delivery of a brand new boiler to replace the old and obsolete one which was installed several decades ago. The operations of the refinery have seen countless disruptions due to the incessant breakdowns of the old boiler. It is expected that with the arrival of the brand new […]
