Who owns Tema Oil Refinery?
the Government of Ghana
In April 1977, the Government of Ghana became the sole shareholder. The name of the refinery was changed to the Tema Oil Refinery in 1991. TOR is authorized by law to operate both as a refiner of crude oil and seller of petroleum products.
Is Tema Oil Refinery state owned?
The refinery is situated in Tema about 24 kilometers east of the capital, Accra. It was 100% owned by the ENI Group (Ente Nationalie Indrocarburi) of Italy. The Government of Ghana bought all the shares of GHAIP in April 1977 and became sole shareholder.
What is the function of Tema Oil Refinery?
TOR – Tema Oil Refinery Crude oil is used as the refinery’s main raw material for production, which is usually imported from neibouring Nigeria and transferred through pipelines to the refinery storage tanks for processing into several finished products for cunsumption.
How many oil refinery are there in Ghana?
Refineries Currently Ghana has only one refinery: the state owned Tema Oil Refinery (TOR), with a ca- pacity of around 45.000 barrel per day.
Who is the CEO of Tema Oil Refinery?
. Francis Adu Tutu Boateng
TOR Board Appoints New MD The Board of Directors of Tema Oil Refinery (TOR) Ltd. has appointed Mr. Francis Adu Tutu Boateng as the Managing Director to help the refinery achieve its set goals and objectives.
Is Tema Oil Refinery working?
Tema Oil Refinery (TOR) shut down its operations in June 2018 due to lack of crude oil which serves as raw material for the refinery.
Who owns the oil in Ghana?
Government of Ghana
Ghana Oil Company
|Key people||K. Osei-Prempeh (group CEO) Kwamena Bartels (chairman)|
|Products||Petroleum Natural gas Petroleum products|
|Owner||Government of Ghana|
How large is Ghana’s oil production?
184 thousand barrels per day
As of April 2021, crude oil production capacity in Ghana stood at 184 thousand barrels per day. The volume was below what was measured in April 2020, when the country’s capacity reached 204 thousand barrels per day.
Who is the MD of TOR?
President Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng, as Managing Director of the Tema Oil Refinery (TOR).
Why is Tema Oil Refinery not working?
How long will Ghana’s oil last?
Oil Reserves in Ghana Ghana has proven reserves equivalent to 20.5 times its annual consumption. This means that, without Net Exports, there would be about 21 years of oil left (at current consumption levels and excluding unproven reserves).
Does Ghana crude oil?
The Ghana National Petroleum Council (GNPC) has the mandate to explore for oil within the nation’s territory. Since Ghana’s first commercial oil lifting took place, over 4.7 million barrels of crude oil have been produced, at an average of 80,000 barrels per day. Ghana’s oil and gas prospects are significant.
Is the Tema Oil Refinery still in operation?
This site has been reviewed to provide up-to-date information on the refinery’s operations.
Where is the oil refinery in Ghana located?
Crude oil is used as the refinery’s main raw material for production, which is usually imported from neibouring Nigeria and transferred through pipelines to the refinery storage tanks for processing into several finished products for cunsumption. The refinery is situated in Tema about 24 kilometers east of the capital, Accra…
Who are the major oil and gas companies in Ghana?
Some of the major oil and gas activities are done by IOCs such as Tullow Ghana, Cosmos Energy, ENI, ExxonMobil and Hess Ghana Limited. Their sub-contractors include Schlumberger, Baker Hughes, Weatherford, Ocean Rig and Technip.