Ghana: Sentuo Group to Expand Refinery Capacity with $980M Investment

Chinese downstream firm Sentuo Group announced a $980 million investment to enhance its oil refinery capacity in Tema, Ghana.

The funding will support the second phase of the Tema refinery project, which aims to boost capacity by 3 million metric tons per year, up from the 2 million metric tons targeted in the first phase.

Sentuo Group secured a full operational license for the Tema project and seeks to help Ghana reduce oil imports, ensure energy self-reliance and bolster job creation by expanding refinery capacity.

Ghana imports $3 billion worth of petroleum products annually.