Tag Archives: TOR

Managing Director of the Tema Oil Refinery (TOR) has resigned. In a statement to the president, dated Friday, August 11, 2023, Jerry Kofi Hinson indicated that the move has become necessary because of unforeseen health circumstances. Highlighting some of his achievements in his role as head of the Refinery, Mr. …

Communication Specialist at the Energy Ministry, Kofi Abrefa Afena has said the brouhaha surrounding discussions on the government finding a partner for the Tema Oil Refinery (TOR) is “unfortunate”. He was empathic on NEAT FM’s morning show, ‘Ghana Montie’ that there is “no contract with any company now” as widely …

The host of Onua TV’s morning show, Captain Smart has criticised the Minister of Energy, Dr. Mathew Opoku Prempeh over the purported leasing of Tema Oil Refinery (TOR) to a private entity. The media personality believes that the country is going to lose out big time should the TOR leasing agreement proceed. …

The Senior Staff Union of Tema Oil Refinery (TOR) has stated that the lease of the refinery to a Group named Torentco Asset Management is the only viable option for the refinery at this point. According to them, successive governments have failed to put up measures to bring the refinery …

The Minister for Energy, Dr Matthew Opoku Prempeh has revealed that crude condensation of about $2.5m allocated to the Tema Oil Refinery is reportedly missing. The minister, widely known as NAPO, is reported by the Graphic on April 20, 2023, to have said that the fund was part of a business opportunity …

The Tema Oil Refinery has been cut off from the national power grid over failure to settle a GH¢26 million debt owed to the Electricity Company of Ghana, a citinewsroom.com report has said. According to the ECG, the huge sum is an accumulation of unpaid power bills covering several months. …

A former Ghanaian banker with Goldman Sachs Group Inc., Asante Berko, has been arrested over his alleged involvement with bribes paid to Ghanaian authorities during his time at the investment bank. Berko is also the former Managing Director of state-owned enterprise, Tema Oil Refinery. According to a Bloomberg report, Mr. Berko …

The Tema Oil Refinery (TOR) is expected to restart operations in the coming months to help boost the domestic supply of refined oil products in the wake of the ongoing global oil market crisis. The state-owned refinery when fully operational is expected to produce some 45,000 barrels of oil per day. A …

The Institute of Energy Security (IES) has appealed to President Nana Addo Dankwa Akufo-Addo to intervene to rescue the Tema Oil Refinery (TOR) from folding up. The IES said TOR is at the moment saddled with huge debts, poor management and other challenges that must be tackled immediately. A statement issued by IES …

The former Boss of the Tema Oil Refinery, Asante Berko has been found guilty by the Security and Exchange Commission in the USA for arranging millions of dollars in bribes to be paid to government officials in Ghana to help a client win a power plant contract. Asante Berko, a former executive …