Tema Oil Refinery (TOR) is set to begin processing Crude oil from Ghana’s Tweneboah Enyerra Ntonme (TEN) field from early January, Ghana Web informed.
TOR’s Managing Director, Kwame Awuah Darko, who describes this development as historic, is optimist that the company will refine the 1m barrels of crude it purchases through its partners from the operators of the TEN field as scheduled, Joy Online reported.
Kwame stated that this development means a lot to TOR as a company and also to the petroleum downstream sector of the country. Therefore, he disclosed that TOR is in a better financial position to restructure itself and be the number one oil refinery in the West African Sub-region without the interference of any foreign or private investors.
According to him, plans by the company to seek strategic partners to revive the operations of TOR has become a history since the company can now boost of a good financial performance since 2016.