President Nana Addo Dankwa Akufo-Addo spotlighted the ongoing efforts to fully rejuvenate the Tema Oil Refinery (TOR) during the inauguration ceremony of the Sentuo Oil Refinery, a Chinese-owned facility in Tema.
President Akufo-Addo stressed the potential benefits of having both the Tema Oil Refinery and the Sentuo Oil Refinery operating at full capacity, emphasising Ghana’s ability to locally refine a significant portion of its oil, thus reducing reliance on imported refined products.
Energy Minister Dr. Mathew Opoku Prempeh (NAPO) used the occasion to extend an invitation to foreign investors, urging their active participation in the energy sector to enhance productivity.
Dr. NAPO commended the Sentuo Group for its substantial investment in the Santuo Oil Refinery.
The refinery, initially processing 40,000 barrels of oil daily, aims to gradually increase its capacity to 100,000 barrels per day in its first phase.
Xu Ning Quan, the Executive Chairman of Sentuo Group, expressed gratitude for the collaborative efforts involving government institutions and traditional authorities that facilitated the establishment of the Sentuo Oil Refinery.
Despite being Chinese-owned, Mr. Xu Quan affirmed their deep commitment to Ghana’s progress, particularly in the energy domain, emphasizing Ghana as their second home.