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Tag Archives: TEMA OIL

Tema Oil Refinery chokes on huge debts, officials plot cover up

While indications are clear that West Africa’s first refinery, the Tema Oil Refinery (TOR) is in a deep debt hole burden, officials employed to turn things around have rather resorted to a denial syndrome. The company lost a staggering GHS186 million in the first four months of operations this year. …

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