In a major milestone for Ghana’s energy sector, the Tema Oil Refinery (TOR) has reported its highest monthly revenue in recent years, raking in an impressive $2.9 million within a single month.
This record-breaking performance marks a turning point for the state-owned refinery, which has faced years of operational and financial challenges. The achievement reflects ongoing efforts to revamp the facility’s operations, improve efficiency, and restore investor confidence.
While specific details on what drove the surge in revenue are yet to be disclosed, insiders suggest that increased throughput, strategic partnerships, and a renewed focus on commercial operations played key roles.
Industry experts say the $2.9 million figure signals potential for TOR to reclaim its relevance in the West African energy space, provided the momentum is sustained.
As the refinery moves forward, stakeholders are watching closely to see whether this performance can be repeated — and scaled — in the coming months.
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