Audio By Carbonatix
The Tema Oil Refinery has downplayed reports of the latest shutdown of its refinery.
According to the Managing Director, the plant has been shut temporarily to allow for maintenance works aimed at enhancing efficient operations.
The Ghanaian Times newspaper reports that the plant has not been operating because the Ghana National Petroleum Corporation has not been able to supply it with any crude oil.
But Managing Director Ato Ampiah tells Joy Business the lack of crude should not be blamed on any institution.
He explains that TOR has changed for the better since he took over.
He said the planned shut down was to ensure improvement for other jobs to be done.
“We have decided that in order to get this plant profitable we should try to produce at capacity or above.
“We wanted to make sure that our operations are commercially profitable and economically viable and therefore make the plant more competitive on the market than before.
“The idea was also to ensure that our losses are cut down and unit cost of production dropped,” he explained.
According to him the plant will be back in a week after maintenance and "it will be more efficient than before."
The Tema Oil Refinery has been refining crude oil supplied by the GNPC for months now because it has been unable to buy its own crude as a result of its financial difficulties.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Seven teachers arrested over BECE infractions
6 minutes -
World Bank launches strategy to transform West, Central Africa’s health systems
7 minutes -
Gold trading losses must be minimised – Joe JacksonÂ
10 minutes -
Police investigate alleged murder of couple at Saki
15 minutes -
Voluntary HIV testing urged in KadjebiÂ
19 minutes -
Two cocoa PCs arrested for allegedly short-changing farmers
23 minutes -
Killing in Nkwanta South sparks fresh alarm as Oti Minister vows crackdown
23 minutes -
Bagbin honoured with Chieftaincy title at Kalibi Festival, pledges Shea-led development for Sankana
27 minutes -
Veep Opoku-Agyemang extends best wishes to BECE candidates
31 minutes -
GNAT advocates increased funding for basic education
34 minutes -
Ghana shifts from stabilisation to job creation, growth reset – Mahama
38 minutes -
South African law firms fight equality rules as some black lawyers allege discrimination
60 minutes -
US calls Taiwan ‘trusted and capable partner’, praises its ties with Eswatini
1 hour -
Oil eases on signs US is loosening Iranian closure of Strait of Hormuz
1 hour -
Zambia says US health deal must be uncoupled from minerals access
2 hours