Crude oil, which is TOR’s main raw material for production, is imported from neighboring Nigeria, Equatorial Guinea, Cameroon, Gabon and Angola, and transferred through pipelines to the refinery’s storage tanks for processing into several finished products. In addition to crude, the refinery also imports cracked fuels oil, LPG, and Naphtha.
The imports have contributed to the company’s rising debt, currently estimated to be more than US$340 million as of last year, 2020. With an annual processing capacity of two million metric tonnes, the facility is under refining, juxtaposing with its design processing capacity of 14,000 barrels per stream day.
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