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Tema refinery in Ghana shuts unit, runs out of crude

Monday, September 5, 2011

Ghana is Africa’s newest crude oil exporter after starting up its offshore Jubilee field, but the country’s sole refinery in Tema (pictured), requires upgrades to be able to run the domestically produced oil and generally relies on imports from Nigeria.

The Tema refinery has been hobbled by repeated shortages in available crude since 2008, when its main lender Ghana Commercial Bank cut off support due to unpaid debts. Ghana’s government repaid the debt earlier this year.

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