Ghana: Three-Member IMC Stops Product Losses At TOR

The three-member Interim Management Committee (IMC) at the Tema Oil Refinery (TOR) has succeeded in stemming products losses at the refinery barely eight months after it was put in place.

For more than three months, the refinery has not witnessed product losses as was the case in the past.

The ICM was constituted by the Energy Minister, Dr Matthew Opoku Prempeh, and took over the reins of the refinery after the dismissal of the then Managing Director, Francis Boateng, and his deputy, Ato Morrison.

In October last year, Ghanaians were shocked when energynewsafrica.com reported that 14 top management executives of the refinery were interdicted over their alleged involvement in various thefts at the refinery.

The ICM, in a statement issued later, said its investigation uncovered the disappearance of 18 drums of electrical cables valued at Ghc10.4million the disappearance of LPG belonging to a client between 2012 and 2015 as a result of which TOR became indebted to the client to the tune of US$4.8 million.

Also, the ICM revealed the disappearance of 105,927 litres of gas oil on September 4, 2021.

In addition, there was a wrongful loading of 252,000 litres of Aviation Turbine Kerosene (ATK) instead of regular kerosene into BRV trucks at the loading gantry between September 21 and September 25, 2021.

In a chat with the Chairman of the IMC, Ing Norbert Anku, he alluded that they have been able to put control measures in place, saying this has helped to stem product losses.

“We have not witnessed product losses for the past few months,” he said.

He said, going forward, they intend to enhance the security of products by installing flow meters at the loading gantry, construct a new laboratory, refurbish the gantry and installing a Close Circuit Television (CCTV) at the refinery.

He believed when these things are done, they would go a long way to guarantee product security at the refinery https://www.purc.com.gh/. 

Meanwhile, at a meeting with executives of the TOR workers union, the Minister for Energy, Dr. Matthew Opoku Prempeh expressed the government’s commitment to revamping TOR.

“We remain committed to finding the critical development partnership for the company.

“TOR’s viability would impact positively on the Ghanaian economy and as sector Minister, my continuous engagements are directed towards this cause. I am confident that our efforts will yield the needed results and my doors remain open to the company until it finds a sound footing,” he said.

Ghana: BOST Makes Gh¢55M Profit Pre-Tax In 2021

Source: https://energynewsafrica.com