Ghanaian refinery still plagued by arrears
Issue 266 - 21 Nov 2013
Despite restarting production on 21 October after securing bank letters of credit to purchase a 600,000 barrel crude consignment from Nigeria, the Tema Oil Refinery (TOR) continues to operate at well below its 45,000b/d capacity. The refinery has been closed three times since reopening in April 2013, following an eight-month shutdown from mid-2012. TOR public affairs manager Aba Lokko told African Energy the refinery would continue to operate at 28,000 b/d until it received $37.7m from the government, the second tranche of a promised $67.7m finance package to rehabilitate the facility and boost capacity.
Want to read more?
(Access to one 401-800 word article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map