TOR announces four-year transformation agenda to quadruple refining capacity
TOR unveils a four-year transformation agenda to quadruple its refining capacity from 45,000 to 200,000 barrels per stream day.
In Brief
- •TOR unveils a four-year transformation agenda to quadruple its refining capacity from 45,000 to 200,000 barrels per stream day.
- •The plan includes a brownfield expansion to 85,000 bpsd and a new greenfield refinery with 115,000 bpsd capacity.
- •TOR will build a Specialist Hospital with a Burns and Trauma Centre and staff housing projects to support the industrial city.
- •The programme aims to meet Ghana's growing petroleum demand while creating export opportunities and value addition.
Why It Matters
TOR's transformation agenda is crucial for Ghana's industrial and economic development. By increasing refining capacity, Ghana can process more of its crude oil domestically, reducing reliance on imports and keeping more economic value onshore. The associated social infrastructure projects will also improve living conditions for workers and the broader community in the Tema industrial enclave.
Key Details
- Current refining capacity
- 45,000 barrels per stream day
- Target refining capacity
- 200,000 barrels per stream day
- Brownfield expansion capacity
- 85,000 barrels per stream day
- Greenfield refinery capacity
- 115,000 barrels per stream day
- Programme duration
- 2026 to 2029
Context & Background
TOR has faced significant challenges, including a decade of losses and a debt reduction from $650 million to $300 million. The refinery's revival has created jobs and improved fuel supply to neighboring countries like Burkina Faso.
Original Reporting & Sources
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