The Minister of State at the Energy Ministry, Herbert Krapah, has revealed that the Tema Oil Refinery will be revived very soon.
According to the minister, the government has been working diligently to implement various measures and plans to secure a strategic investor for the company.
The investor, when secured, will play a crucial role in revitalizing the refinery and bringing it back to its former glory.
Currently, the refinery operates at about 45,000 barrels per stream day, well below its capacity due to a lack of investment.
Much of the company’s infrastructure is also in a poor state due to years of neglect.
Herbert Krapah, during a familiarisation tour of TOR, Sentuo Oil Refinery Limited, and Tropical Cable and Conductor Limited in Tema, said negotiations with a new investor are already underway to bring the ailing refinery back to life
The minister expressed confidence that these efforts will yield positive results and pave the way for the refinery’s reopening.
The Minister of State at the Energy Ministry, urged TOR management and its staff to resolve their long-standing rift and work together to revamp the firm.
“There is no gain saying that TOR needs all our support, attention, and we all need to put our hands on deck and it is for these reasons that I chose TOR to be my first official visit to the institutions that work under the ministry.
“I don’t think it is late in the day, I have had conversations with the President [Nana Addo Dankwa Akufo-Addo].
He doesn’t believe it is late in the day and I am running on the back of his energy and that is the reason I chose TOR as the first.” He said
Source: Elvisanokyenews.com / Myjoyonline.com
