President Akufo-Addo has launched a billion-dollar ultra-modern Oil Refinery at the Tema Industrial Area in the Greater Accra region.
The State-of-the-Art Refinery, according to the President, will reduce the dependence on foreign import of finished Petroleum Products, and drive the growth of the local Petroleum Industry.
While congratulating Sentuo Group for putting up the Refinery, the President assured Ghanaians that the government is committed to full operationalization of the Tema Oil Refinery.
The two-phase construction is expected to be completed by 2025. This will enable the production of high-quality finished gasoline, aviation kerosene, diesel, asphalt, among others. Sentuo was granted the License by the NPA to establish the Refinery in 2022 and subsequently secured the construction permit the same year.
The first phase will refine forty thousand barrels of crude oil per day and the second phase is expected to process one hundred thousand barrels a day.
The Minister of Energy, Dr Mathew Opoku Prempeh said the government will support the energy sector with consistent policies and programmes to continue to ensure the supply of fuel that the country needs.
The CEO of Sentua Group, Xu Ning Quan said the Group will continue to invest in the country. He thanked the government for providing the enabling business climate for businesses to strive.
President Akufo-Addo noted that the establishment of the Sentua Oil Refinery is a testament of excellent relations that exist between Ghana and China. He said the operationalisation of Oil Refinery located in Tema is a pivotal step towards securing Ghana’s energy future. He said the Refinery will not only provide a stable supply of fuel but will help create jobs.
The said government will work to bring Tema Oil Refinery back to its former glory.
The project aligns with Ghana’s one district one factory policy and the Tema Industrial Park overall planning objectives. It features technological innovation, energy conservation within the chemical enterprise sectors.
