• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

TOR denies shutdown media reports, says it’s close to securing a strategic partner

4 years ago
in Energy, highlights, Home, home-news, latest News
1 min read
0 0
0
42
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Tema Oil Refinery (TOR) has denied media reports suggesting an imminent shutdown due to some debts owed the Electricity Company of Ghana (ECG) and the Ghana Water Company Limited (GWCL).

Reports suggest that TOR owes ECG and GWCL some Ghs 2.3 billion and Ghs 6 billion respectively.

Reacting to such reports in a press statement, TOR asserted that such publications create an unwarranted negative impression of the organisation and hinder the progress of their revitalisation and expansion plans and business operations at large.

Addressing its debt situation, management of TOR asserted that the refinery continues to make efforts to clear all of its debt by agreeing to a payment plan for all legacy statutory debts owed to the Ghana Revenue Authourity (GRA) and the Social Security and National Insurance Trust (SSNIT).

It further stated that payment of some $1 billion in debts have been made with the help of government and some investors with the remaining debts being some $400 million.

Meanwhile, the refinery in the same release announced that it is close to securing a strategic partner to support its operations.

It also added that, the refinery has concluded a deal with other partners to supply crude oil for processing at the refinery starting next month, June 2021.

RelatedPosts

FirstBank Ghana Commits GHS 200,000 to Community Projects Under 2025 CR&S Week

African Development Bank President Ould Tah Tackles Financial Reform in Push for Development

OSP Invites DVLA CEO Over Alleged GHS 4m Bribery Attempt Linked to Digital Vehicle Plate Rollout

Further noting that, the processing of crude oil at the refinery next month is subject to the completion of maintenance works currently ongoing at the refinery.

Source: norvanreports
Tags: Electricity Company of Ghana (ECG)Tema Oil Refinery (TOR)
No Result
View All Result

Highlights

Standard Chartered Zambia Signs Agreement to Sell Wealth & Retail Banking Business to First National Bank Zambia

Vinicius Jr. Apologizes for Clásico Outburst, Leaves Out Coach Alonso

Rabat Set to Host African World Cup Playoffs Next Month

Commodity Prices to Hit Six-Year Low in 2026 as Oil Glut Expands

BudgIT Ghana Mourns the Passing of Her Excellency Nana Konadu Agyeman-Rawlings

Nvidia Nears Record $5 Trillion Valuation as AI Boom Powers Meteoric Rise

Trending

Business

FirstBank Ghana Commits GHS 200,000 to Community Projects Under 2025 CR&S Week

October 29, 2025

FirstBank Ghana Commits GHS 200,000 to Community Projects Under 2025 CR&S Week FirstBank Ghana has announced a...

African Development Bank President Ould Tah Tackles Financial Reform in Push for Development

October 29, 2025

OSP Invites DVLA CEO Over Alleged GHS 4m Bribery Attempt Linked to Digital Vehicle Plate Rollout

October 29, 2025

Standard Chartered Zambia Signs Agreement to Sell Wealth & Retail Banking Business to First National Bank Zambia

October 29, 2025

Vinicius Jr. Apologizes for Clásico Outburst, Leaves Out Coach Alonso

October 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.