Comprehensive  Ghana Oil and Gas news, information, updates, analysis


NEWS

Energy Minister Being Ill-Advised On TOR – Staff

  • SOURCE: Mohammed Awal | Editor
    • POSTED ON: February 5, 2018
    • CATEGORY:

    Aggrieved workers of the Tema Oil Refinery (TOR) are expected to meet their management today (Monday February 5) over plans to build a new refinery.

    The Energy Minister Boakye Agyarko last week announced that government in partnership with the private sector would soon build a new oil refinery at the cost of $4billion.

    The new refinery is expected to produce about 150,000 barrels of oil per day – eight times the current production of the TOR.

    The disclosure, which came in the wake of some bad blood between energy think-tank, Institute for Energy Security (IES) and the management of TOR court the displeasure of the workers.

    According to the Chairman of the General Transport, Petroleum, and Chemical Workers Union at TOR, John Elton Botwey, the announcement by the Energy Minister was in bad faith as TOR has a development plan towards expanding the current refinery.

    “Nobody has an idea what the Minister really wants to do,” he stated noting that whoever was technically advising him has not done a good job.

    “Because…as it stands TOR itself has a development plan that’s going to see to it for an expansion and it is going to be the 160,000 barrels he was craving. And apparently, if he says he is going to build a new TOR I don’t know what is going to happen to the old TOR,” he told Starr News.

    In 2010, TOR requested for $67.7 million for plant stabilisation and enhancement projects. In response, the government in 2012 released $30 million, which was used to complete the first phase of plant stabilisation and enhancement projects on the crude distillation and residual fluid catalytic cracking units.

    TOR has completed the first phase of plant stabilisation and enhancement projects on the crude distillation and residual fluid catalytic cracking units at a cost of $30 million. With 45,000 barrels per day capacity, TOR should be able to refine over 16 million (16,425,000) barrels of crude oil annually.

     

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Nov 2018 >>
    MTWTFSS
    29 30 31 1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 1 2
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar