Tag: Tema Oil Refinery
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Privatise TOR if you can’t manage it – Energy consultant to government
Energy Consultant, Dr Yussif Sulemana, says government ought to consider privatizing the Tema Oil Refinery (TOR) in order to keep the entity operational. But Dr. Sulemana says, for such an entity that can play a major role in ensuring the country is energy efficiency, all options must be considered to make it fully functional. He…
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TOR can refine over 100,000 barrels of crude a day under good leadership – John Jinapor
Former Deputy Energy Minister, John Jinapor, says under proper leadership the Tema Oil Refinery (TOR) should be able to process in excess of 100,000 barrels of crude oil per day. Speaking at the Energy Manifesto Dialogue Organised by the Institute for Energy Security (IES), Mr Jinapor indicated that the NDC government has the know-how to…
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Revamp TOR to ensure investor confidence for petroleum hub – COPEC to Government
The Chamber of Petroleum Consumers (COPEC) says government must get the Tema Oil Refinery up and running if it hopes to attract funding for its planned petroleum hub. Executive Secretary of COPEC, Duncan Amoah, says the current state of TOR will not boost investor confidence to raise funds for the petroleum hub. He stated that,…
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TOR Board is competent – Management rejects contrary claims by staff
Management of Tema Oil Refinery (TOR), has debunked claims by the workers of the Refinery that the current Board has made no significant contribution to the growth of the company. The current Board has made enough progress including “payment of TOR’s outstanding GHS1 billion debt that accrued between 2009 and 2016,” a statement signed by…
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Save TOR from collapsing – COPEC urges government
The Chamber of Petroleum Consumers (COPEC) is calling on government to invest in the Tema Oil Refinery (TOR) to prevent it from collapsing. According to COPEC, per its investigations the situation at the refinery is dire and maintaining its day to day operations is a challenge. Speaking to Citi Business News, Executive Secretary of COPEC,…
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Investigate bribery allegations against former TOR boss, others – GII
The Ghana Integrity Initiative (GII), has called for an independent investigation into bribery allegations made against the former Managing Director of the Tema Oil Refinery (TOR), Mr. Asante Berko. GII made the request in an open letter to the President, Nana Addo Dankwa Akufo-Addo dated April 20, 2020. Mr. Berko resigned on Wednesday, April 15,…
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TOR MD, Asante Berko resigns after bribery allegations in US
The Managing Director of the Tema Oil Refinery (TOR), Asante Berko has resigned. His resignation comes after he was dragged to court in the United States for allegedly making illegal payments to gain approval for a client’s power plant project from 2015 through to 2016 in Ghana. A press statement issued by the Director of…
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I never bribed gov’t officials, MPs in power deal – Asante Berko insists
A former banker at Goldman Sachs Group Inc, Asante Berko, has denied arranging at least $2.5 million in bribes meant to be paid to Ghana government officials and Members of Parliament in a bid to help a Turkish company secure a power purchase agreement deal in Ghana. Asante Berko, who is currently the Managing Director…
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Boost TOR’s capacity and spend less dollars on oil import – Energy Consultant
An Energy Consultant with Petroleum Development Oman, an exploration and production company, Yusif Sulemana has called for the immediate retooling of the Tema Oil Refinery, TOR, to play its role of refining crude oil within the petroleum value chain. His call comes barely a month after Ing. Herbert Ato Morrison was appointed Managing Director of…
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Asante Berko appointed CEO for Tema Oil Refinery
The Tema Oil Refinery, TOR, is set to announce the appointment of Asante K. Berko, an investment banker, as its new Chief Executive Officer, a Citi Business News source has confirmed. The appointment of the new CEO comes barely a fortnight after the refinery appointed Ing. Ato Morrison as an interim head following the sudden…