Tema, Ghana – April 5, 2025

In a major milestone for Ghana's energy sector, the Tema Oil Refinery (TOR) has recorded its highest monthly revenue in recent history, raking in an impressive $2.9 million within a single month. This significant achievement marks a turning point for the once-struggling refinery and signals renewed optimism in the country's quest for energy independence and industrial revival.

According to internal reports from the refinery, the revenue surge stems from increased operational efficiency, higher production capacity, and improved management practices implemented over recent months. Strategic partnerships, enhanced maintenance of key infrastructure, and a focus on processing locally sourced crude oil also contributed to the boost in income.

The Managing Director of TOR, in a press briefing, expressed enthusiasm about the accomplishment, emphasizing the refinery's commitment to sustaining and even surpassing the current performance.

> “This record-breaking revenue is a testament to the hard work of our staff, strategic reforms, and the government's support for local energy production. TOR is on a path to reclaim its role as a key player in Ghana’s energy landscape,” he said.

Industry analysts suggest that the refinery's return to profitability could have a ripple effect on the broader economy, particularly in reducing the country’s reliance on imported refined petroleum products. This could stabilize fuel prices, enhance energy security, and generate more employment opportunities in the downstream oil and gas sector.