Skip to main content

TOR bounces back


By: Fred Yaw Sarpong

The Tema Oil Refinery (TOR) bounces back after it was close down a year ago for restructuring, Daily Express has learnt.

Mr. Awuah-Darko gave the assurance when the Minister for Petroleum, Mr. Emmanuel Armah-Kofi Buah paid a visit to the company.

The Minister led a delegation from his ministry and the National Petroleum Authority (NPA) to TOR and other refineries to know what is going in his sector.

According to Mr. Awuah-Darko TOR is running at a low capacity, however the company is ready to be on it fit to commence operation. There are numerous benefits the nation can derive from TOR.

The sector Minister, Hon. Buah announced Governments effort to revamp the Tema Oil Refinery (TOR) back to its former glory.

The delegation was received by the Board of Directors of TOR and both parties discussed the progress of work done so far with respect to the comprehensive restructuring process currently being carried out at the company.

The Minister urged the Board of Directors and the Management of TOR to work hard to ensure that the restructuring process is completed on time.

He also stated that the Ministry of Petroleum plan is to make sure that TOR start full operation this year. He emphasized the need for TOR management to have a clear road map for the revival of the company. “The full operationalization of TOR is key for a deregulated downstream sector,” he added.

The Board Chairman of TOR, Dr. John Frank Adu thanked the Minister for his continues support and reassured him of the board’s commitment to restore TOR.

According to the CEO of NPA, Mr. Moses Asaga the NPA is also mandated to promote investment in the downstream sector hence restructuring TOR plays a key role in attracting more investment in the downstream sector. 

He said the NPA is a statutory agency regulating, overseeing and monitoring the petroleum downstream industry in Ghana to ensure efficiency growth and stakeholder satisfaction.

Last year, the workers of Tema Oil Refinery (TOR) agreed to commits 20% of their November salaries into the operation of the company. 

Initially management decided to spread the 20% for a maximum of four months (5% per a month), however, the workers proposed 20% to be taken from their November salaries.


Tema TOR Refinery (TOR) Limited is Ghana’s only refinery established in 1963 to enhance the country’s economic, investment and development programs.

Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…