The Tema Oil Refinery says it is not true that it lacks the technical capacity to refine crude oil from the Jubilee Field.
Deputy Energy Minister Emmanuel Kofi Buah in an interview during Multi TV’s special coverage of first oil repeated earlier comments by his ministry’s public relations officer that the refinery is not in a position currently to process Ghana’s crude.
“As you know, a refinery is set up for specific crude. A lot of tests need to be done and a lot of engineering work has to be done [before TOR can refine the Jubilee Oil],” Mr Buah said.
But TOR’s Public Affairs Manager Aba Lokko says the Deputy Minister’s submission cannot be correct.
“The Jubilee Oil falls within the kinds of crude that [TOR] can refine. The Jubilee Oil is the best stock of raw material that the refinery can use for its refining processes so it is not accurate to say that TOR does not have the technical capabilities. If we bought the crude today we could refine it today, we do not need to adjust any parameters at all to refine it,” she stated.
Mrs Aba Lokko, however emphasized that the government has a point in planning to market the product on the international market first.
“I agree with the government’s position that being a new crude and premium crude as such, it needs to be marketed on the international market to give it the needed exposure.”
The TOR PRO said whether they will buy their crude oil from the Jubilee Fields will largely depend on the price of the commodity.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Don’t let power change you – Archbishop Duncan-Williams tells NDC
8 minutes -
Andre Ayew sores again, but Le Havre falls to RC Lens
15 minutes -
GFA names Kassim Ocansey as new Black Meteors Head Coach
22 minutes -
Michael Baidoo makes Plymouth Argyle debut in FA Cup win over Brentford
30 minutes -
Akufo-Addo appointees to boards, corporations, commissions, and councils lose jobs
49 minutes -
Today’s front pages: Monday, January 13, 2025
57 minutes -
Samson’s Take: Punish the criminal ‘vigilante’ takeovers
1 hour -
Kwasi Siaw: Pioneering African talent management with HC Talent
1 hour -
Damongo: NDC youth allegedly shuts down community mechanised borehole
3 hours -
Mahama vows to uncap NHIS levy in upcoming budget
3 hours -
‘God is telling you to lead through difficult times’, says Rev. Wengam to Mahama
3 hours -
Appiah-Kubi calls on Mahama to review 60-Minister pledge if governance requires
3 hours -
Aklerh makes a ‘Mash Up’ move
3 hours -
No business as usual – Mahama warns appointees
3 hours -
Mr P.O.P: Message from the Morning Man by Kojo Yankson
3 hours