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Monday, October 5, 2009

TOR takes first consignment of crude oil on Oct 7

The Tema Oil Refinery (TOR) would take delivery of 750,000 barrels of crude oil from Nigeria on Wednesday, October 7.

Dr Kwame Ampofo, Acting Managing Director of the refinery who disclosed this to newsmen in Tema on Saturday, said all shipping arrangements for the delivery of the oil had been completed, and that SCANOIL International would deliver consignment.

Dr Ampofo said the second batch of that same volume would arrive in about a week or two, and that when refined, the total volume of the two consignments which would be 1.5 million barrels, would last for about a month.

He said government would then take steps to ensure continuous supply to ensure uninterrupted supply of the commodity. The Acting TOR MD said currently, a government delegation made up of officials from TOR, the Ghana National Petroleum Company, and the Ministry of Energy, were in Nigeria to conclude negotiations with the Nigerian government for the supply of oil.

"We will continue with our arrangements for the supply of crude oil, until the government-to-government arrangement materialize," Dr Ampofo assured Ghanaians.

He intimated that the supply arrangement would continue until Ghana begin drilling its own oil from the Jubilee Field. On some Oil Marketing Companies' (OMCs) indebtedness to T.O.R., Dr Ampofo, said so far their response had been very encouraging, and hoped that by the end of the year, all monies owed T.O.R. would have been retrieved.

Source: GNA

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