Tag: TOR
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Revive TOR to provide reliable and affordable fuel – IES to Prez Akufo-Addo
The Institute for Energy Security, IES, has reiterated the need for government to do all it can to ensure the Tema Oil Refinery is revived, in the wake of hikes in prices of fuel at pump stations. The call by the Institute comes on the back of a recent announcement by President Akufo-Addo that steps…
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BOST and TOR must shield Ghanaians from impact of fuel price increase – COPEC
As global Oil prices are tipped to hit record levels this year, the Chamber of Petroleum Consumers Ghana (COPEC) says the Tema Oil Refinery and the Bulk Oil Storage and Transportation Company Limited must absolve the public from its associated shocks. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah stated that these…
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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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TOR staff interdicted over disappearance of fuel, transfer losses and others
The Tema Oil Refinery (TOR), has queried and interdicted some of its staff pending the conclusion of investigations into the disappearance of fuel, product storage, and transfer losses at the refinery. This is part of recommendations by an interim management committee, which was inaugurated in June 2021, to oversee the affairs of the company as…
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Cede majority stake in TOR to private investors to ensure its success – IES
Government has been urged to cede majority of its stake in the Tema Oil Refinery (TOR) to private investors, to ensure it attracts the needed investment to succeed. This advice was given by the Institute for Energy Security (IES). The proposal comes on the back of the recent appointment of Ghana’s former Ambassador to China,…
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TOR: 3-member interim management committee sworn in after firing of MD and deputy
The Minister for Energy, Dr. Matthew Opoku Prempeh, has sworn into office a 3-member Interim Management Committee (IMC) to oversee the affairs of the Tema Oil Refinery as part of efforts to restructure and revamp the refinery. The Chairman of the 3-member IMC is Mr. Nobert Cormla-Djamposu Anku. The other members are Mr. William Ntim…
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TOR replies Woodfields Energy over $5.7m product shortfall allegation
The Tema Oil Refinery Ltd (TOR) has debunked claims by Woodfields Energy Resources Ltd that there are shortfalls in the product volumes held in tanks at the refinery. According to TOR, the claim that there was a shortfall of Woodfields’ products, equivalent to $5.7 million, was unfounded, as it is not established by any ongoing…
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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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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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Political interference cause of TOR’s woes – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Kwasi Hosi says political interferences in operations of the Tema Oil Refinery (TOR), will have to be halted in order for the entity to properly function. Speaking at the Energy Manifesto Town Hall, organized by the CBOD, Senyo Hosi said it will…