Ghana’s premier refinery, Tema Oil Refinery (TOR) and Ghana Oil Company Limited (GOIL) held a strategic meeting on Wednesday to explore further cooperation in the supply and offtake of petroleum products from the refinery, building on their existing business relationship.
TOR Managing Director Edmond Kombat told the Managing Director of GOIL and his team that the refinery had made significant progress in ramping up operations, with ongoing restart and supply processes being executed smoothly.
GOIL is one of TOR’s key offtake partners, and the two companies discussed ways to strengthen their partnership as TOR seeks to increase the supply of petroleum products to the Ghanaian market.
The discussions focused on improving petroleum products supply security, strengthening market resilience, supporting greater price stability and contributing to a more efficient downstream petroleum sector, TOR said in a statement.
The meeting also provided an opportunity to identify additional areas of cooperation as TOR pursues its reset, transformation and optimisation programme.
TOR said stronger partnerships with key industry stakeholders, including GOIL, were important to supporting Ghana’s energy security and delivering sustainable value to consumers.
The refinery resumed operations in late December 2025 following rehabilitation work undertaken by its current management.
TOR reported a net profit of 1.093 billion Ghanaian cedis in 2025.
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