Appearing before Parliament’s Energy Committee, Kombat stated this restart could significantly reduce the nation’s reliance on imported refined petroleum products, potentially saving Ghana up to $400 million monthly.

Kombat informed lawmakers that the refinery, dormant since 2021 due to a lack of crude oil supply, is being revived through strategic interventions. He said TOR is targeting the capacity to refine up to 60% of the country’s crude oil needs upon its full return to operation.

However, Kombat acknowledged a significant governance lapse, confirming that TOR’s financial accounts have not been audited since 2019. He assured the committee that the audit process is now actively underway, with reports expected to be submitted to Parliament by the end of July 2025.

TOR has historically been viewed as a crucial asset within Ghana’s energy infrastructure. Its operations over recent years, however, have been consistently hampered by severe financial difficulties, recurring equipment breakdowns, and persistent governance concerns, challenges that the planned restart must now overcome to achieve its stated goals of import reduction and cost savings.