The Tema Oil Refinery (TOR) has finally
resumed operations after shutting down for
almost a year due some serious funding
Information reaching us state that the refinery
formally resumed operations last week after
several test runs to ensure equipment are in
good condition.
But is this resumption in operation by TOR
sustainable? For some it is a matter of time,
looking at the fact there have instances that
TOR has gone down after few months of
resuming operations.
TOR is said to be working on about a million
barrels of crude oil this month, which analysts
believe could translate to about 40 percent
of product supply on the market.
Sources say an agreement has been reached
between TOR, importers of petroleum products
and oil marketing companies to supply these
products to them.
We are also learning TOR’s products
could be released onto the market from next
week, a move that could help the country save
some dollars on importation of finished
petroleum products.
This is because it is believed that it is a little
bit expensive to import finished products,
compared to crude oil in the country.
The country last year spent a little over 2
billion dollars to import petroleum products.
With TOR now in full operation, plus the
country’s strategic reserves at BOST, it is
believed that recent challenges with the
continuous supply of petroleum products
could be a thing of the past.
Meanwhile management of TOR and BOST are
said to be working to clear the refinery’s 650
million dollars indebtedness.

THEUPDATESONLINE.COM is a reliable portal that gives updates to it cherished visitors. its a place where teaching and learning takes place, it gives updates on news around the world, Business and Financial tips, investment opportunities,reviews, and many more. There are currently 3 writers, ,Consultants, teachers and an editor making sure visitors get value for their time and money. The CEO of is SIMON AHAFIA, he is a teacher, blogger, web developer , online marketer and an entrepreneur. He is also the CEO of SIMCEL GROUP.

Posted in Business

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Do you have any article, news, press release or eyewitness report for publication? Send it to us and we will gladly work on it for you.


Do you have products and services you want to showcase on this website or portal? Just contact us and we will have a great deal.

WhatsApp: +233547489948

Need your own website/blog? Click below and get started

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: