Reviving Tema Oil Refinery
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasizing that a tolling agreement offers the most sustainable path to restoring the refinery’s operational and financial viability.
In a statement titled “Direct and Action-Oriented: How a Tolling Deal, Not a Sale, Can Revive Ghana’s Tema Oil Refinery,” the organisation said TOR’s recent performance — including a reported US$21 million in revenue from terminal operations — proves that the refinery can generate substantial income when its assets are strategically managed.
CEMSE credited both the former and current boards for sustaining initiatives that have turned TOR’s underutilised facilities into active revenue sources.
Author's summary: CEMSE supports tolling model for TOR revival.
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