Audio By Carbonatix
The Tema Oil Refinery (TOR) has shut down its operations again five months after it began operations.
TOR attributes the shutdown of the unit used in working on the residual fuel to unstable power supply and delays in carrying out maintenance works on the Residue Fluid Catalytic Cracking unit, used in working on residual fuel at the plant .
Director of Communications at TOR, Aba Lokko, said she was hopeful the situation will improve soon, as management is working to secure some credit from the Ministry of Finance.
The development could have implications on current supply of products on the market as TOR current supplies about 30 percent of the petroleum products at current capacity.
TOR recently started operations after receiving some barrels of crude oil last year.
It also created a new entity that will serve as the trading arm of TOR, whilst the refinery concentrates on just working on crude oil.
The joint venture company TOR PF, a partnership between TOR and Petro Saudi, will be responsible for selling the finished products to Oil Marketing Companies and importers of petroleum products.
Tema Oil Refinery (TOR) Limited is the only refinery in Ghana authorised to process crude oil and market petroleum products.
Latest Stories
-
Aayalolo adds 48 buses to fleet as GAPTE moves to ease Accra traffic
30 minutes -
Use digital platforms to build peace, not spread prejudice – Opoku-Agyemang to youth
39 minutes -
Clinic says Nigerian influencer ignored doctor’s advice to split penis enlargement procedure
41 minutes -
The grass is greener somewhere is an illusion – Barfuor Adjei-Barwuah tells Ghanaian youth
49 minutes -
My marriage will be secret – Singer Joeboy
59 minutes -
KATH hails Ghana Medical Trust Fund after GH¢4m equipment boost
1 hour -
‎Free Primary Healthcare reaches 135 districts
1 hour -
Tunisian journalists protest over media crackdown after colleague’s arrest
1 hour -
Equatorial Guinea police pull guns on migrants deported by Trump, witnesses say
2 hours -
Singaporean man pleads guilty in US to massive crypto heist
2 hours -
WHO says staff shortage, funding challenges hamper Congo Ebola response
2 hours -
IMF is not Father Christmas; Ghana must take charge – PUWU
2 hours -
More UK flight delays expected after hundreds cancelled by air traffic control glitch
2 hours -
Very hot drinks may damage the food pipe and increase cancer risk
3 hours -
Fix IPP pricing, not just ECG, PUWU tells IMF, World Bank
3 hours