TOR GOES BIG: Tema Oil Refinery Targets Sahel Fuel Market Expansion

Summary

Key Points

• —TOR's managing director, Edmund Kombat, states the refinery is positioning itself to become a major supplier of petroleum products to the Sahel region. 0:05
• —The Tema Oil Refinery (TOR) is pursuing an ambitious turnaround strategy to serve both Ghana and the wider West African markets. 0:14
• —Growing demand from landlocked Sahelian countries like Burkina Faso, Mali, Niger, and Chad presents a significant commercial opportunity for TOR. 0:22
• —Ghana offers the safest, most peaceful, and most reliable transit corridor for crude fuel exports into the Sahel region compared to other coastal countries. 0:28
• —Sonabhy, a company from one of these landlocked countries, has already increased its uptake of petroleum products from Ghana from 16% to 37% in 2024. 0:57
• —TOR aims to further strengthen its relationship with Sonabhy and other Sahelian countries to eventually supply 100% of their petroleum product needs. 0:57
• —The Sahelian countries collectively consume approximately 3.5 million metric tons of petroleum products annually. 1:18
• —Supplying this entire demand from Ghana would create significant business opportunities and jobs for the country. 1:21
• —This strategy will truly position TOR and Ghana as a petroleum hub for the West African subregion. 1:32