The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP). It was licensed as a private limited liability company in 1960 as a fully owned Italian company – ANIC Societa per Azioni and AGIP Societa per Azioni of Italy were its major shareholders. In April 1977, the Government of Ghana became the sole shareholder.
What makes Tema Oil Refinery a pride for Ghanaians?
To be a preeminent refinery, a pride for Ghanaians. At the heart of Tema Oil Refinery (TOR) lies a strong set of fundamental values that serve as the foundation for TOR’s operational culture. The Refinery’s commitment is expressed through these principles, which also influence workers daily decisions and actions.
Who owns Tema Oil Refinery?
The Tema Oil Refinery (TOR) is one of two crude oil refineries in Ghana. In 1977, the Government of Ghana became the sole shareholder. The name of the refinery was changed to the Tema Oil Refinery in 1991. The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP).
What were the products of the oil refining process?
It was to process light and low sulfur crude oils, such as Bonny Light and Brass River from Nigeria, and Palanca Blend from Angola. The products of the refining process were liquefied petroleum gas, gasoline, illuminating and cooking kerosene, aviation turbine kerosene, gas-oil or diesel and residual oil.