
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
-
Christian Council rallies churches behind National Clean-up exercise
28 seconds -
Development Bank Ghana marks five years with customer dialogue, launches women’s lending programme
4 minutes -
Otumfuo introduces new Asantehemaa to Kumasi Traditional Council as chiefs pay homage
23 minutes -
Christian Council backs Mahama’s clean-up call, urges nationwide participation
44 minutes -
Vice-Chancellor unveils vision to transform UniMAC into Africa’s communication powerhouse
45 minutes -
Review first phase of Nkoko Nkitinkiti before rolling out second phase — Isaac Opoku urges gov’t
2 hours -
Assemblies of God Ghana rallies churches behind national clean-up after deadly floods
2 hours -
Palm Beach, Florida airport officially changes name to honor Trump
2 hours -
Woman accused of misappropriating GH₵156,445 in susu contributions granted bail
2 hours -
Forestry Commission seeks Nungua Traditional Council support to protect Sakumo Ramsar site
2 hours -
Sewua Hospital project under audit after overpayment was detected – Health Minister
2 hours -
Nkoko Nkitinkiti risks missing import reduction goal if implementation flaws persist — Poultry farmers
2 hours -
Lom Nuku Ahlijah supports Keta Municipal Assembly’s flood recovery efforts
2 hours -
Roads Minister slams Oti regional officials for failing to report contractors who abandon projects
2 hours -
Unemployed man jailed for stealing from patient’s relative at KATH, unlawfully possessing police uniform
2 hours