The government has reaffirmed its commitment to the modernisation and recapitalisation of the Tema Oil Refinery (TOR), positioning the state-owned refinery as a critical pillar in Ghana’s long-term energy security strategy. The assurance was given by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, during TOR’s 18th Annual General Meeting (AGM) in...
Category: Oil and Gas
Post
Post
TOR Records First Profit in a Decade as Refinery Posts GHS1.4 Billion Profit Before Tax in 2025
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...
Post
Energy Minister Commends TOR as Refinery Presents Nine Years of Audited Accounts
The Minister for Energy and Green Transition, John Abdulai Jinapor, on Tuesday joined the Board, Management and stakeholders of the Tema Oil Refinery (TOR) at the company’s Annual General Meeting, where audited financial statements spanning 2017 to 2025 were presented.The presentation of the nine years of audited accounts marks a major milestone in restoring TOR’s...
Post
Forget energy transition, produce oil like nothing before
Forget energy transition, produce oil like nothing before The world does not have an energy problem. It has an energy supply problem. As demand rises, populations grow, and billions of people continue to live without reliable access to electricity and clean cooking technologies, the case for producing more energy has never been stronger. From Africa...
Post
Ghana to Shift to Onshore Drilling by End of 2026
President of Ghana, H.E. John Dramani Mahama, has announced a historic pivot in the nation’s energy strategy, revealing that the country is set to commence its first-ever onshore oil drilling operations in the Voltaire Basin before the close of 2026. This monumental shift marks a critical transition for Ghana, which has historically relied entirely on...
Post
UAE ‘Eyes’ Ghana’s Ambitious Petroleum Hub project
Industrialisation, value addition, employment generation, and economic transformation while enhancing Ghana’s position as a gateway for energy trade and investment in West Africa. Commitment to Continued Engagement The meeting concluded with both sides reaffirming their commitment to continued dialogue and closer engagement in support of Ghana’s long-term development objectives and regional energy ambitions. The PHDC...
Post
TOR MD, Audit Team Attend Global Internal Audit Conference in Singapore
The Managing Director of the Tema Oil Refinery (TOR), Mr. Edmond Kombat, together with members of the refinery’s audit team, is participating in the Institute of Internal Auditors (IIA) conference in Singapore to strengthen internal audit practices and governance systems at the refinery. Internal audit remains a critical component of TOR’s operations, supporting effective risk...
Post
African Energy Chamber welcomes Murphy Oil’s Bubale-1X discovery, which is expected to support Ivory Coast’s ambition to increase oil output to 500,000 barrels per day by 2035.
U.S. energy company Murphy Oil Corporation has announced an oil discovery at the Bubale-1X exploration well in Block C1-709 offshore Ivory Coast, marking another step in the country’s expanding upstream development. The discovery reinforces Ivory Coast’s position as one of West Africa’s fastest-growing exploration destinations and supports its ambition to become one of Africa’s top...
Post
Ex-Nigeria oil minister cleared in UK bribery trial.
A former Nigerian oil minister has been cleared of taking bribes from wealthy oil executives in the form of luxury home stays and lavish spending sprees in the UK.Diezani Alison-Madueke, 65, was found not guilty after a trial at London’s Southwark Crown Court of five counts of accepting bribes and a charge of conspiracy to...
Post
Ghana Gas, NPA Deepen Collaboration to Strengthen Downstream Petroleum Sector
The Chief Executive Officer of Ghana National Gas Limited Company (Ghana Gas), Ms. Judith Adjobah Blay, on Tuesday, June 16, 2026, paid a courtesy call on the Chief Executive Officer of the National Petroleum Authority (NPA), Mr. Godwin Kudzo Tameklo, to discuss ways of strengthening collaboration between the two institutions. The visit follows an earlier...