Audio By Carbonatix
State oil refinery, Tema Oil Refinery (TOR) has began refining crude oil after shutting down operations for almost four months.
This was after TOR managed to secure financial support from Access Bank to bring in almost 800 barrels of crude oil from Sahara Oil expected to take one month to refine.
The refinery begun operations on December 29, 2014.
This means that TOR will for the next one month be producing at about 50% of its capacity.
Public Affairs Manager at Tema Oil Refinary, Aba Loko, said the development is good start for the refinery.
TOR once controled about 80% of the local petroleum market, but has now dropped to about 20% because it has not been operating beyond half of its capacity.
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
-
Fix IPP pricing, not just ECG, PUWU tells IMF, World Bank
57 minutes -
OpenAI says it cracked 90-year-old maths problem in 88 hours
1 hour -
Meta continues to run ads promoting child sexual abuse material in India – Report
2 hours -
‘The first game was weird’ – Sampson reflects on Black Princesses’ Ecuador defeat
2 hours -
Ghana can fix its energy sector without IMF, World Bank – PUWU
2 hours -
Charles Sampson demands more confidence in front of goal from Black Princesses
2 hours -
‘We have shaken it up’ – Sampson says Black Princesses ready to redeem themselves
2 hours -
ECG revenue is improving, so what has changed? – PUWU challenges World Bank
2 hours -
Herbert Mensah takes Africa’s sports economy case to the UN General Assembly Week in New York
2 hours -
Oil nears $100 as fresh Middle East strikes raise supply risks
2 hours -
US slaps import ban on Canadian alcohol, motorbikes and other goods
4 hours -
US strikes Iranian oil tankers as Tehran targets American base in Jordan
4 hours -
Tiafoe consoles tearful Michelsen after remarkable comeback
5 hours -
Sabalenka fights back to keep US Open defence alive
5 hours -
Parrott scores again as Betis beat 10-man Lille
5 hours