Tullow Begins Selling Ghanaian Refineries

Tullow Oil has started selling crude from Ghana’s Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields to refineries in the country, creating a new link between Ghana’s locally produced crude and domestic refining.

The company said the first cargo was sold earlier this year to Sentuo Oil Refinery, which has emerged as one of the major buyers of crude in Ghana.

Tullow’s Chief Financial Officer, Richard Miller, disclosed this during a virtual meeting with investors following the company’s half-year results.

Responding to a question about efforts to have more Jubilee crude refined locally, Mr Miller described the development as an important milestone for Ghana’s oil industry.

“This is a fantastic achievement looking at what has happened in Ghana’s oil sector over the years,” he said.

He explained that the sale was carried out on a purely commercial basis. He also said arrangements had been put in place to support a favourable financing package for the initiative.

Mr Miller welcomed government efforts to improve refinery operations in Ghana, saying such measures could help strengthen the country’s domestic refining industry.

He further pointed to the growing role of Sentuo Oil Refinery in Ghana’s crude market, saying the refinery is now buying crude not only from Tullow but also from other companies operating in Ghana’s oil fields.

“Sentuo Oil has become one of the prolific buyers of crude not only from Tullow Oil alone but also from other partners on Ghana’s oil fields,” he said.

Tullow expects 14 crude cargoes in 2026

The development comes as Tullow expects to increase its crude liftings this year.

In its half-year results, the company said it expects to lift 14 cargoes in 2026, including 11 cargoes from the Jubilee field and three from the TEN fields.

The revised target is two Jubilee cargoes higher than the company’s initial forecast announced in November 2025.

Tullow lifted six cargoes during the first half of the year and plans to lift another eight cargoes in the second half.

The company said it is also implementing measures aimed at improving its performance and supporting a stronger turnaround by the end of the year.

The sale of Jubilee and TEN crude to local refineries gives Ghanaian-produced crude another market while strengthening the connection between oil production and refining in the country.

It also offers an opportunity for more of Ghana’s petroleum value to be retained within the local economy as the country works to expand its domestic refining capacity.