Ghana’s sole oil refinery, Tema Oil Refinery (TOR) located some 25 kilometres east of Accra, will undergo a 200 million-dollar expansion programme to increase production from 45,000 barrels a day to 145,000 barrels a day. Kofi Kodua Sarpong, Managing Director of TOR, told reporters in Tema on Thursday that the project, which was expected to take two years, would begin late this year. On completion, the Refinery would consider the production of other products such as bitumen and other petrol chemicals, in addition to petrol, liquefied petroleum gas, diesel and kerosene. He said the deregulation of petroleum prices, which had seen fortnightly adjustments in the price of petroleum products, had not led to a reduction in consumption although demand had stabilised. Sarpong, however, noted that the price of petrol had become a disincentive to smugglers, who had been ferrying fuel across the borders.
