The Minister for Energy, Dr Matthew Opoku-Prempeh, has informed the general public of the mismanagement happening at the Tema Oil Refinery (TOR) despite the many opportunities government has provided to revive the company.

0

Engaging the media during the Electricity Company of Ghana's (ECG) revenue mobilisation exercise on Wednesday, the minister stated that TOR sank a business opportunity in the premix fuel market.

1

According to him, TOR is currently unable to account for condensate worth over $2.5 million.

2

“I gave TOR a new business opportunity in the premix fuel market, that all the condensates from Ghana Gas should go to TOR for them to use it for blending and premix fuel. The last time I heard, over $2.5 million worth of condensate has got missing from TOR,” the Minister stated.

3

http://tigpost.co/dont-participate-in-illegal-strike-if-you-dont-want-to-be-punished-tor-md-tells-workers/

4

TOR has been non-operational for some time now due to significant losses and according to the Energy Minister, a committee was set up to reconcile the losses.

5

"They have over $500 million in debt sitting there. Go and look at how the debts are accumulated. People bring their crude to refine, and there are crude losses," he added.

6

Despite the challenges, Dr Matthew Opoku Prempeh says government is working relentlessly to ensure TOR is revived.

7

http://tigpost.co/restore-tema-oil-refinery-by-removing-it-from-every-political-cycle-ies/

8

“Government, I can tell you, is doing so much work to bring TOR together. As we speak, there are proposals lying down in TOR. The Attorney General is having a look, CEGA is having a look, and the finance ministry. We will do all we can to bring it back," he stated.

9

10

Source: The Independent Ghana

11