Tag: TOR
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Reducing fuel prices: Analysts suggest local refining of crude
Oil and gas analyst, Kwame Jantuah has advised the NPP government to increase the country’s capacity to refine more crude at a cheaper cost if it is to reduce the prices of fuel. His comments follow the assurance by the Finance Minister Nominee, Ken Ofori Atta to consumers that there will be no immediate hikes…
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Merge TOR, BOST for efficiency – Dr. Manteaw to NPP
Some industry watchers have made a strong case for the new government to merge the management of the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company (BOST) if it is to be efficient in the petroleum downstream sector. In their view, the merger will among others cut down cost and facilitate…
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TOR faces threats from Dangote’s refinery if … – MD
The outgoing Managing Director of the Tema Oil Refinery (TOR),Kwame Awuah Darko, has urged his successor to pursue expansion drive and increase the competitiveness of the refinery. He argues TOR could lose its economic potential if plans are not implemented to strengthen the current benefits accruing to the company. Mr. Awuah-Darko’s suggestions follow plans by…
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Ignore false reports on our 32 million cedis loss – BOST
The workers’ union of the Bulk Oil and Storage and Transportation Company (BOST) Limited, has shot down media reports that BOST has posted 32 million cedis between January and September this year. The union described the publication as an attempt to run down the gains made by the company in the oil and gas sector…
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TOR to refine 18 million barrels of crude in 2017
The Tema Oil Refinery (TOR) has announced it will from next year refine between 16 to 18 million barrels of crude oil. The crude will be from the Jubilee oil fields and subsequently other oil fields in Ghana. The Managing Director of TOR, Kwame Awuah Darko disclosed this when he addressed staff of the company…
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TOR increases daily crude production by 20,000 barrels
The Tema Oil Refinery (TOR) is set to increase its daily production capacity following a successful test run of the expanded processing units. Per the expansion, the Crude Distillation Unit will now produce 65,000 barrels of crude oil a day from the current 45, 000 barrels’ level. The Managing Director of TOR, Kwame Awuah Darko who…
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TEN oil test run ‘good’ for sulphur content rules – TOR MD
The Tema Oil Refinery (TOR) has disclosed to Citi Business News that its test run of crude oil from the TEN fields should influence any major policy decision on the sulphur specification content for diesel. The National Petroleum Authority (NPA) has since September 2016, revised the national sulphur content specification for diesel from the 1000…
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New oil refinery promises are ambitious – ACEP to political parties
The African Centre for Energy Policy (ACEP), wants political parties seeking to establish new oil refineries to be cautious, describing the decision as defeating economic principles with the current performance of the state’s oil refinery. The caution comes on the back of continuous monitoring of manifestoes of political parties on developing the country’s petroleum sector…
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Refining 10ppm diesel to cost TOR $120m
The Chief Executive Officer of the Tema Oil Refinery, Kwame Awuah Darko has disclosed to Citi Business News it will cost Ghana about 120 million dollars to re-configure the country’s refinery mechanism to meet the 10 parts per million (ppm) sulphur content levels for diesel. The figure however runs contrary to the earlier statement by…
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NPA eases rules on dirty diesel to save TOR
The National Petroleum Authority (NPA) has admitted it was forced to review the national sulphur specification for diesel from the maximum 3000 parts per million (ppm) to between 10 and 500 ppm to avert a shutdown of the Tema Oil Refinery (TOR). Chief executive of NPA Moses Asaga told Citi Business News ‘the 500ppm was…