ARDA And CITAC Congratulate Sentuo Oil Refinery Ltd On Achieving Full Operational License In Ghana

The African Refiners and Distributors Association (ARDA) and CITAC, a specialist consulting group in Africa's downstream energy industry, extend their heartfelt congratulations to Sentuo Oil Refinery Ltd. A member of the African Refiners and Distributors Association (ARDA) for receiving the full operational license to function as an oil refinery in Ghana.

This commendation was made during a courtesy visit by representatives from ARDA and CITAC to the Executive Chairman of the Sentuo Group, Mr. Xu Ningquan, at the Sentuo Oil Refinery in Tema on Friday, July 19.

Mr. Xu Ningquan, Executive Chairman of the Sentuo Group, emphasized the requirement for Africa to achieve energy self-reliance and take ownership of its economy by reducing the export of crude oil and importing finished products. He stressed that Africa must develop its refining capabilities to add value to its crude resources. In line with this vision, the SentuoGroup is investing $980 million in a 2 million metric ton per annum capacity oil refinery in Tema, with plans for a second phase to increase the capacity by an additional 3 million metric tons per annum, demonstrating their commitment to creating value in Africa.

In response, Mr. Anibor Kragha, Executive Secretary of ARDA, thanked Mr. Xu Ningquanfor his unwavering commitment to developing local refining capabilities in Africa. He lauded the bold steps taken by the Sentuo Group in investing in the Sentuo Oil Refinery, a move poised to significantly boost Africa’s energy sector.

Mr. Kragha further emphasized that the main objective of ARDA is to create an enabling environment for African oil refiners to thrive and attract investment into the industry. This goal is supported by CITAC, which provides a wealth of data and analytics about the African downstream energy industry.

This visit was facilitated by the National Petroleum Authority (NPA) as part of the activities of the just ended Ghana International Petroleum Conference (GHIPCON 2024). The NPAreiterated their commitment to supporting the Sentuo Oil Refinery Ltd. to ensure that operations are conducted in accordance with all safety and quality standards and requirements. This collaboration will help sustain the integrity and reliability of the refinery's operations, fostering a safe and sustainable environment for all stakeholders involved.

About NPA The National Petroleum Authority (NPA) is the national regulator of downstream petroleum activities in Ghana. The NPA ensures that all operations within the petroleum sector adhere to stringent safety, quality, and environmental standards, promoting a sustainable and effective energy sector in the country.

About ARDA The African Refiners and Distributors Association (ARDA) is dedicated to advocating for the sustainable development of Africa's refining and distribution sectors, promoting energy security and economic growth across the continent.

About CITAC CITAC is a specialist consulting group focused on Africa’s downstream energy industry, providing expert analysis and insights to support the development of the region's energy sector.

About Sentuo Oil Refinery Ltd. Sentuo Oil Refinery Ltd. is a leading oil refinery in Ghana, committed to enhancing Africa’s refining capabilities and adding value to the continent’s crude oil resources.

The issuance of the National Petroleum Authority (NPA) Operational License to Sentuo Oil Refinery Ltd. is a significant milestone. It signifies that the refinery has met all of NPA's stringent standards and requirements, ensuring compliance with the highest operational, safety, and environmental standards. This license underscores the refinery’s capability to produce quality refined products to contribute meaningfully to Ghana’s energy sector and the broader African market.