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Tema Oil Refinery LimitedFeatured

Ghana’s only crude oil refinery, situated at Tema about 24 kilometres from the capital, Accra was originally named the Ghanaian Italian Petroleum (GHAIP) Company. It was incorporated as a private limited liability company under the Companies Ordinance (Cap 193) on December 12, 1960. GHAIP was incorporated as a 100% Italian-owned Company. Its shareholders were ANIC Societa per Azioni and AGIP Societa per Azioni, both of Italy.

The Government of Ghana became sole shareholder of GHAIP in April 1977 and in 1991 the name was changed to the Tema Oil Refinery (TOR). The Tema Oil Refinery is presently authorized by its Regulations to carry on business as refiners and sellers of petroleum.

Ghana is situated in the proximity of many oil-producing countries, for example Nigeria, Cameroon, Angola, Gabon etc. Indications are that Ghana itself has the potential of producing oil in commercial quantities internally given adequate investment.

The domestic market in Ghana consumes about 1.8 million Metric Tonnes of refined petroleum products annually. It is isolated from the main oil refining centers of the world e.g. Rotterdam in Europe, US Gulf Coast and Singapore in Asia. The isolated domestic market and its proximity to many oil producing countries give the Tema oil Refinery the unique advantages of having a captive market and making savings on freight associated with crude oil transportation.

 

 

 


Company Fact Sheet
Address: Heavy Industrial Area (PO Box CO 599)
Tema

Ghana
Telephone: +233 22 302882/3
Fax: +233 22 302884
Website: http://www.torghana.com/
Activities: Oil refinery company producing products including petrol, aviation fuel, kerosene and diesel oil
Year Founded: 1960
CEO/Managing Director: Kofi K Sarpong
No. of Employees: 350
Company Type: Government owned
Average Visitor Rating: 0.00 (Out of 5)
Number of ratings: 0
Hits: 11470
Added: 2007-12-20 05:27:13
Last updated: 2007-12-20 05:29:16

Reviews (2)
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