TOR: Acting MD Clarifies $25m Investment, Says Full Refinery Overhaul Would Require More Funding
The Acting Managing Director of the Tema Oil Refinery (TOR), Dr. Yussif Sulemana, has refuted media reports suggesting that the refinery requires $25 million to fully restore operations.
In a statement issued on Wednesday, March 19, 2025, Dr. Sulemana clarified that the $25 million is designated solely for the maintenance and operationalization of a critical unit within the Crude Distillation Unit (CDU), rather than a full-scale refurbishment of the refinery.
“The $25m indicated is for the immediate maintenance and operational needs of the CDU and signifies a phase in a bigger effort and initiative to fully resume the core business of the refinery,” the statement read.
He further emphasized that a comprehensive overhaul of TOR—which would integrate modern technologies and improve efficiency—would require significantly higher investment beyond the stated amount.
Importance of the CDU in Refinery Operations
The Crude Distillation Unit (CDU) is a critical component of TOR’s operations, serving as the primary processing unit where crude oil is refined into various petroleum products before being sent to market.
Ensuring its functionality is essential for resuming partial operations while long-term investments are secured for full-scale operation and modernization of the refinery.
This comes amid renewed discussions on the future of TOR, as stakeholders push for strategic investment to revive Ghana’s only state-owned refinery.
Read Details of Statement Below:
