Tag: Tema Oil Refinery
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Ex-Goldman banker, Asante Berko arrested over alleged bribery scheme
Former Goldman Sachs Group Inc. banker and former Managing Director of the Tema Oil Refinery, Asante Berko, was arrested on charges that he orchestrated bribes to Ghanaian officials while employed at the investment bank. A six-count August 2020 indictment unsealed last week in federal court in Brooklyn, New York, accuses Berko of conspiring with at…
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We did no wrong in sale of 260 metric tonnes of slop oil – TOR
Management of the Tema Oil Refinery (TOR) has refuted claims of wrongdoing in a recent sale of about 260,000 tonnes of slop oil. This follows a recent publication that suggested that TOR was involved in a shady deal with some unlicensed companies. The report revealed what it described as a shady transaction between state-owned Tema…
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COPEC demands timelines from gov’t on when TOR’s rehabilitation will be completed
The Chamber of Petroleum Consumers Ghana (COPEC) is demanding for accurate timelines as to when the rehabilitation of the Tema Oil Refinery will be completed as promised by government. President Akufo-Addo, in his May Day address on Sunday, disclosed that his government has begun the rebuilding of the state-owned refinery which has not been fully…
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Don’t link me with recent missing fuel scandal at TOR – Edward Boateng warns
The office of a former Ghanaian Ambassador to China, Ambassador Edward Boateng is livid over some reports linking him with the missing 105,927 litres of petrol at the Tema Oil Refinery (TOR). Although Mr. Boateng was appointed as the new Managing Director of TOR in August 2021, a statement from his office said he is…
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Akufo-Addo appoints former Ambassador to China Edward Boateng as TOR MD
President Nana Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng as Managing Director of the Tema Oil Refinery (TOR). Mr. Boateng is expected to spearhead the transformation of the company. Edward Boateng who served as Ambassador from 2017 to 2020, takes office at the Tema Oil Refinery at a time when workers of…
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Tema Oil Refinery not on the verge of collapse – Management
The management of Tema Oil Refinery (TOR), has refuted claims that it is on the verge of a shutdown due to debts owed some utility providers in the country. Some media reports had suggested that the Ghana Water Company Limited (GWCL) had cut water supply to TOR for close to a month due to its…
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Ghana risks brain drain if TOR remains nonoperational – Energy Consultant
Energy Consultant, Dr. Yussif Sulemana, has raised concerns about the continuous redundancy of the Tema Oil Refinery (TOR), suggesting that it may lead to human capital challenges soon. According to him, the current situation at TOR has compelled many skilled workers from the refinery to leave the country in search of greener pastures. “In fact,…
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Woodfields Energy denies withholding payments to TOR
Woodfields Energy Resources Limited, an indigenous Ghanaian petroleum company, has refuted claims of its indebtedness to the Tema Oil Refinery (TOR) to the tune of five million dollars. According to the company, they have honoured all their payment obligations for processing fees to TOR and is not indebted to the refinery for any processing fee…
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Address political inferences in operations of TOR – Energy Consultant
Energy Consultant, Dr Yussif Sulemana has commended the government for its commitment to revamp, Tema Oil Refinery (TOR). The country’s only oil refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister, Matthew Opoku Prempeh, in a recent…
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Government will get TOR back on its feet – Energy Minister
The Minister of Energy, Matthew Opoku Prempeh, has expressed the government’s commitment to ensuring the country’s only Refinery, Tema Oil Refinery, TOR, is up and running. The refinery has not been operational for a while now due to several challenges, including the inability of the entity to pay its workers. But the Energy Minister says…