Ghana Environmental Issues and NewsOil and Gas

Over $2.5m worth of crude condensate missing from TOR – Energy Minister

Energy Minister Dr Mathew Opoku Prempeh, has revealed that $2.5 million worth of condensate is missing at the Tema Oil Refinery (TOR) 

While disclosing the losses, he explained that the Ministry secured a deal for TOR in the premix sector but $2.5 million could not be accounted for.

“I gave TOR a new business opportunity in the premix fuel market that all the condensate from Ghana Gas should be used for blending premix fuel. The last time I heard, Over 2.5 million dollars worth of condensate had gone missing from TOR.

“If we all want TOR working, and we don’t want another ECG in TOR, [we should do the right thing else] it will break the back of government”.

“TOR has over $500 million worth of debt sitting on its books and go and look at how the debt is accumulated– people bring their crude to refine and then they record crude losses.”

“You don’t pay taxes for it to go down the drain. You pay taxes for an efficient running of government. Government, I can tell you, is doing so much work to bring TOR to work. There are proposals lying up in TOR, SIGA, Attorney General, and Finance Ministry all having a look. Getting it right is a difficult proposition we are working on. And we will work diligently to get Ghanaians what is good,” the Manhyia South lawmaker added.

 

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