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News |
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Friday, March 11, 2016 |
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TOR receives 2 million barrels of crude oil from Nigeria
Audrey Agyiri-Inkoom, Ghanadot
Accra, Dec 7, Ghanadot - The Tema Oil refinery (TOR) has two
million barrels of crude oil at the Tema port.
The oil supplied by Bonney Light Company of Nigeria arrived
at the weekend and is expected that TOR will start refining
the consignment this week.
The Managing Director of TOR, Dr. Kwame Ampofo said in this
transaction no letters of credit was required.
He said the company brought the crude on a 90-day open
credit and an ES-Crow account has been opened by TOR to
which proceeds from the sale of processed oil will be put
and later converted into dollars to pay the suppliers.
Dr. Ampofo said, refining of the consignment “will start
after 700,000 barrels of crude brought in by the Ghana
National Petroleum Company (GNPC) have been processed”.
He disclosed that as at yesterday, December 6, the 700,000
barrels of crude brought were still being discharged by
staff of TOR but he was hopeful its processing will start
today, Monday, Dec 7.
He debunked a publication in some sections of the media
about the shutting down of the crude distillation plant (CDU).
According to him, there was no cause for alarm and explained
that the CDU developed a minor problem when one of its pumps
just when it finished processing a type of crude, ERHA.
The Managing Director of TOR explained that “we took
advantage of the situation and stopped the CDU to do two
things: Repair the pump and ensure a time lapse between new
incoming crude and the outgoing ERHA crude to achieve
physical separation of the two parcels of crude and thus
prevent a co-mingling of products”.
Ghanadot
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NDC might not fulfil promises,
says Haruna Iddrisu
Accra, Dec 3, Ghanadot - The Minister of
Communications, Haruna Iddrisu, says the NDC government
is unlikely to accomplish its promises within this
year...He was responding to critics of the government
and the lack of confidence expressed in the President
Mills’ administration by some leading functionaries
within the NDC party....
....More |
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The quality of mercy – as it applies
to Liberia
Commentary, Dec 4, Ghanadot - It is this
“outrageous…but perfectly legal.” aspect of this case that
is troublesome and hence the reference to Shylock and the
"pound of flesh" in Shakespeare’s “The Merchant of Venice.”
....More
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Sycophancy, Ghana’s Main Problem
Review, Dec 6, Ghanadot - The Majority Leader in
Parliament (Alban Bagbin) must have touched raw nerves with
his claim that President Mills has surrounded himself with
sycophants who have placed a wedge between the Presidency
and the very people in the NDC whose efforts won political
power for the party. At last, the dreaded word
(“sycophancy”) has surfaced....More |
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President Mills leaves for Equatorial
Guinea
Accra, Dec 7, Ghanadot - President John Evans Atta
Mills is expected to leave the country, Monday evening, for
Malabo, capital of Equatorial Guinea..
More |
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