Tag: TOR
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IES sceptical about feasibility of planned Petroleum Hub
The Institute for Energy Security (IES) says for government to succeed with its plans of establishing a Petroleum Hub in the Western Region, it is imperative that it gets the Tema Oil Refinery (TOR) back on its feet. Speaking to Citi Business News, Executive Director of the Institute of Energy Security, Nana Amoasi VII, indicated…
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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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Dissolve TOR board within one week – Staff to Nana Addo
Workers of the Tema Oil Refinery (TOR) have given the President a one-week ultimatum to dissolve the board of the company. The staff say the board must be dissolved over its incompetent management of the refinery. The workers made the demand when they staged a peaceful protest on Wednesday, November 4, 2020, at the company’s…
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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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Francis Boateng named as new TOR MD
President Akufo-Addo has nominated Mr. Francis Boateng as the new Managing Director for the Tema Oil Refinery according to Citi News sources. He replaces the immediate MD, Kweku Asante Berko, who resigned over allegations of his involvement in a bribery scandal by the Securities and Exchange Commission in the U.S.A. TOR has been without a…
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Gov’t should have investigated allegations against TOR’s Asante Berko – IES
The Executive Director of the Institute of Energy Studies, IES, Paa Kwesi Anamuah Sakyi, says government should have investigated bribery allegations against the Managing Director of the Tema Oil Refinery, Asante Berko, before accepting his resignation. According to him, it is not enough for government to only rely on information from ‘foreign entities’. Speaking to…
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Ing. Ato Morrison appointed acting Managing Director of TOR
Ing. Herbert Ato Morrison has been appointed the acting Managing Director of the Tema Oil Refinery, Citi News can confirm. His appointment follows the resignation of Isaac Osei, who served as the MD of the company for nearly three years. A source at the refinery disclosed to Citi News that the mantle fell on Ing.…
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Tema Oil Refinery seals deal to refine 11 million barrels of crude oil
The Tema Oil Refinery (TOR) has signed an agreement with Woodfield Energy Resources to process a tolling 11 million barrels of crude, Isaac Osei, Managing Director of TOR, has revealed. Mr. Osei said Woodfield Energy Resources’ long history with the Refinery and its knowledge on energy business in Ghana and Africa originated and led the…
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TOR to resume full refinery status in 2020
The Tema Oil Refinery, TOR, should return to its full operational capacity for refining crude oil by the first quarter of 2020. This should be made possible with the replacement of one of the company’s furnaces which has impacted operations for about two years now. The latest assurance follows efforts by the managers of the…
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Dangote’s oil refinery not a threat to Ghana’s TOR – Analysts
Analysts in the oil and gas sector have downplayed any significant impact of a refinery by Dangote on the operations of the Tema Oil Refinery, TOR. They say the development though laudable, may not be able to meet the demand for refined products which makes it necessary for TOR to work to sustain its operations.…