As part of the measures to revamp the operations of Tema Oil Refinery (TOR) Company Limited and restore it to its glorious old days, the Minister of Petroleum, has met the Board of Directors and management to discuss the progress of the company.
Mr. Emmanuel Armah Kofi Buah, met the Board of Directors together with a delegation from the National Petroleum Authority (NPA) urging them to work to ensure that the restructuring process was completed on time.
Until recently, TOR, had been reduced to a storage facility for the Bulk Oil distributors. But the minister stated that the ministry, has set priority for 2016, by making sure the refinery work to full capacity.
“A fully operationalized TOR was key for the deregulated downstream sector,” he added.
Mr. Awuah Darko, the Chief Executive Officer (CEO) of TOR on his part, assured the Minister and his delegation that by June, this year, TOR would be operational.
Mr. Moses Asaga, CEO of NPA, said his outfit was mandated to promote investment in the downstream sector, hence a restructured TOR would play a key role in attracting, overseeing and monitoring petroleum downstream industry in the country to ensure efficiency.
In a related development, the Minister for Petroleum, visited the managers of Platon Gas Oil Ghana, an oil refinery plant also operating in Tema.
Speaking to the Managers at a short ceremony, Mr. Kofi Buah, applauded the company for making health, Safety, Security and Environment (HSSE) a key part of their business.
He also commended the company for their contribution in developing Ghana’s downstream sector.
He said, government was keen on ensuring full participation of Ghanaians in the oil and gas industry, hence the need for companies operating in the country to make local content their number priority.
The management of the company took turn to thank the Minister for his visit and assured him of the company’s commitment to Ghana’s downstream sector.