Ghana’s Tema Oil Refinery (TOR) has started exporting gasoline to Nigeria following an increased production
capacity from 45,000 metric tonnes to 60,000 tonnes.

This is one of the many strategies management of the company is putting in place to turn its fortunes around. It comes on the back of some challenges the refinery has faced in the recent past years,
some of which include the shutting down of its Residual Fuel Catalytic Cracking (RFCC) unit for repairs.
Under a new management, the refinery seems to be making some impressive
improvements including a successful processing of two million barrels of crude oil within three months with a corresponding financial balance of 2 million dollars.This means the refinery has
bagged over two million dollars out of two million barrels of crude oil, they secured and refined within a period of three months. Managing Director of the
refinery, Kingsley Kwame Awuah Darko in an interview with TV3 said the revamped
refinery is on its way to become the most valuable national asset as operations
have not been halted, since January this year. In October 2015, the Chief Executive of TOR, Kingsley Kwame Awuah-Darko, revealed that the staff of the company
had agreed to forgo their November salaries to help revamp the fortunes of the
company.
The measure saved the company about GHȼ 3.8 million and contributed to the
revamping of processes.Mr. Awuah-Darko said they were working around the clock
to ensure that TOR resumes it's full production of petroleum products by June 2016.
Source: http://ghanabizfinance.com/2016/05/01/tor-begins-export-of-gasoline-to-nigeria/

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