Audio By Carbonatix
The Tema Oil Refinery (TOR) has started exporting gasoline to Nigeria following an increased production capacity from 45,000 metric tons to 60,000 tons.
This is one of the many strategies management of the company is putting in place to turn its fortunes around. It comes on the back of some challenges the refinery has faced in the recent past years, some of which include the shutting down of its Residual Fuel Catalytic Cracking (RFCC) unit for repairs.
Under a new management, the refinery seems to be making some impressive improvements including a successful processing of two million barrels of crude oil within three months with a corresponding financial balance of 2 million dollars.
This means the refinery has bagged over two million dollars out of two million barrels of crude oil, they secured and refined within a period of three months.
Managing Director of the refinery, Kingsley Kwame Awuah Darko in an interview with TV3 said the revamped refinery is on its way to become the most valuable national asset as operations have not been halted, since January this year.
In October 2015, the Chief Executive of TOR, Kingsley Kwame Awuah-Darko, revealed that the staff of the company had agreed to forgo their November salaries to help revamp the fortunes of the company.
The measure, saved the company about GHȼ 3.8 million and contributed to the revamping of processes.
Mr. Awuah-Darko said they were working around the clock to ensure that TOR resumes its full production of petroleum products by June 2016.
Latest Stories
-
Christmas Eve crash kills four at Twifo Ntafrewaso
1 minute -
Kofi Owusu Peprah unveils ‘M’aseda’ music video featuring Diana Hamilton
3 minutes -
GIADEC dismisses claims gov’t plans to award Nyinahin Bauxite concessions to Ibrahim Mahama
29 minutes -
Ghana Celebrates Hanukkah: A Festival of Light and Freedom
45 minutes -
IMF seeks 3-month extension of Ghana’s Programme
59 minutes -
Government secures $200m World Bank support to end double-track system – Haruna Iddrisu
1 hour -
GJA raises alarm over court order restraining investigative reporting
1 hour -
Ghana Embassy delegation visits Ghanaian detainees at ICE facility in Pennsylvania
2 hours -
The Licensure Fallacy: A misplaced narrative on WASSCE performance
2 hours -
Front-runner to be Bangladesh PM returns after 17 years in exile
2 hours -
NICKSETH recognised as Best Building & Civil Engineering Company of the Year 2024/2025 by GhCCI
3 hours -
MISA Energy rebrands in Kumasi, pledges better service and sustainability
3 hours -
Kenyasi assault case: Woman handed 15-month jail term for injuring child
5 hours -
Mahama’s trust well placed, I remain focused on fixing education – Haruna Iddrisu
5 hours -
IGP Yohuno promotes 13 senior officers in recognition of exemplary service
5 hours
