Ghana’s premier refinery, Tema Oil Refinery (TOR), has secured a deal with Fujeirah/Triangle Commodities Trading (TCT), a Dubai-based petroleum products trading company, for the supply of one million barrels of crude oil per month over a two-year period.
The deal will guarantee a continuous supply of crude oil for the sustained operation of the country’s premier refinery.
The refinery resumed crude processing in late December 2025 following major rehabilitation works undertaken by the current management.
In May, the refinery received approximately one million barrels of Bonga crude oil aboard the MT Cap Felix as part of its ongoing revitalization and crude processing programme.
The crude oil cargo was purchased from Shell and supplied through Fujeirah/Triangle Commodities Trading (TCT) under a tolling arrangement.
Speaking at the 18th Annual General Meeting of the refinery, held at the Palms by Eagles, TOR Board Chairman Nayon Bilijo revealed that the agreement with Fujeirah/Triangle Commodities Trading (TCT) will ensure a continuous supply of crude oil and the sustained operation of the refinery.
“TOR has an agreement for the supply of about one million barrels of crude oil every month for the next two years, with no interruptions envisaged,” he said.
The refinery is also expected to receive locally produced crude oil from the upstream petroleum sector in July.
“TOR is also expected to take delivery of some crude oil from the Government for refining,” Mr. Bilijo said.
As part of efforts to sustain operations, he said the Board has identified key areas, including improving revenue generation, reducing costs, restructuring the balance sheet, and ensuring a sustained supply of crude oil.
According to him, the current administration inherited 17 storage tanks that were out of service.
He said these tanks are currently undergoing maintenance and repairs to bring them back into operation.
Mr. Bilijo said the Residual Fluid Catalytic Cracking Unit (RFCC), a key value-adding component that is currently undergoing maintenance, is expected to be completed and operational by the third quarter of this year.
To support the company’s operations, he said the refinery has increased its staff strength from 547 employees in 2024 to 1,144 personnel.
He said this reflects a deliberate strategy to retain critical expertise, strengthen operational capability, and support the refinery’s turnaround.
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