crude oil petroleum oil refinery machine in ghana

   
crude oil petroleum oil refinery machine in ghana
                                               
                                               
                                               
                                               
  • crude oil petroleum oil refinery machine in ghana
Is TEMA a good oil refinery in Ghana?

The Tema Oil Refinery (henceforth, TOR) has a capacity of 45,000 barrels per stream day (bpsd) and continues to be a significant crude oil refinery in Ghana (Adam, 2014; Amponsah & Opei, 2014). However, the operations of TOR have been inconsistent, in part because of the age of the equipment and mechanical inefficiency.

Who owns the Ghanaian oil refinery?

The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP). It was licensed as a private limited liability company in 1960 as a fully owned Italian company ¨C ANIC Societa per Azioni and AGIP Societa per Azioni of Italy were its major shareholders. In April 1977, the Government of Ghana became the sole shareholder.

Who owns Tema Oil Refinery?

The Tema Oil Refinery (TOR) is one of two crude oil refineries in Ghana. In 1977, the Government of Ghana became the sole shareholder. The name of the refinery was changed to the Tema Oil Refinery in 1991. The refinery was first named the Ghanaian Italian Petroleum Company (GHAIP).

How much debt does Ghana Tema Oil Refinery have?

Ghana's Tema Oil Refinery (TOR) has a capacity of 45,000 barrels per day. TOR had a total debt portfolio of $320 million by 2003. So far, the public has paid a total of $700 million under the Debt Recovery (TOR) Fund Act of 2003 (Act 624). The Act required that the tax only be used to pay out TOR debts and interest.