Announcing the resumption of refinery operations at TOR, President John Mahama told Parliament on Thursday February 25, while delivering his State of the Nation address, that: “TOR, I’m pleased to announce is operational, and is poised to resume its strategic role in petroleum production in Ghana.
“Mr Speaker, I salute the acting MD and the staff of the refinery for their hard work and the sacrifice they have made to bring the refinery back on stream.
“Mr Speaker – and this is very interesting – the staff of TOR voluntarily took an unprecedented 20% pay cut as their contribution for putting TOR back on its feet. …I salute you…well done,” Mr Mahama applauded.
TOR resumed operations about a month ago after it was shut down for about a year following engineering and financial problems. The refinery owes about $650 million. It has started refining about a million barrels of crude this month.