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Energy analyst Benjamin Nsiah says President John Mahama’s proposal to move petroleum sector transactions from U.S. dollars to Ghana cedis will require amendments to the Petroleum Revenue Management Act (PRMA).
Energy analyst Benjamin Nsiah says achieving the government’s target of increasing Tema Oil Refinery’s (TOR) capacity to 100,000 barrels per day could transform Ghana’s petroleum pricing system and make fuel prices more transparent.
Energy analyst Benjamin Nsiah says the Tema Oil Refinery (TOR) can achieve a production capacity of 100,000 barrels of crude oil per day, but only if government secures strategic partners to provide the needed capital, technology and technical expertise.
President John Dramani Mahama has directed the Minister for Energy and Green Transition, the Board of the Tema Oil Refinery (TOR), and its management to develop a strategic plan to expand the refinery's processing capacity to 100,000 barrels of crude oil per day, while also announcing plans to restructure the state-owned refinery to permanently eliminate political interference in its operations.
The government will begin discussions this week to review the payment arrangements for Ghanaian crude oil supplied to the Tema Oil Refinery (TOR), following a directive from President John Mahama to explore settling payments in Ghana cedis rather than U.S. dollars.
President John Dramani Mahama has directed the Minister for Energy and Green Transition, John Abdulai Jinapor, together with the Board and management of the Tema Oil Refinery (TOR), to develop a strategic roadmap to expand the refinery's production capacity to 100,000 barrels of crude oil per day. The directive was announced on Saturday, August 1, during the commissioning of the refurbished refinery at the Tema Industrial Enclave, where the President outlined an ambitious vision to transform th
President John Mahama has commissioned the refurbished Crude Distillation Unit (CDU) of the Tema Oil Refinery (TOR), marking a major step in efforts to restore the operations of the state-owned refinery.
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