• Ghana’s TOR refinery to restart operations in October 2025
• Restart depends on crude supply, final technical checks
• Aims to cut $10.2B fuel import cost, restructure debt

Ghana’s Tema Oil Refinery (TOR) is scheduled to resume operations in October 2025 after being inactive for several years, according to local press reports on Tuesday.

Jerry Kwofie, TOR's interim Managing Director, was quoted at a press briefing saying that the 45,000-barrel-per-day capacity facility has been prepared for a full restart. Kwofie stated that the official relaunch is conditional upon securing a crude oil supply and completing final technical work.

The refinery's resumption aims to reduce Ghana’s heavy reliance on fuel imports, which strain the nation's foreign exchange reserves. The extended shutdown has forced the country to import nearly all its petroleum products, a cost that the Bank of Ghana estimated at roughly $10.2 billion in 2024.

While the government has repeatedly announced plans to revive the refinery in recent years without success, the management now indicates that necessary agreements have been put in place. This includes the signing of a memorandum of understanding in late July with the Bulk Oil Storage and Transportation Company (BOST).

The pact provides for technical support, commercial expertise, the use of BOST’s infrastructure, and the repayment of debts accumulated over more than 20 years as part of a financial restructuring strategy.

Abdel-Latif Boureima