President John Dramani has pledged government’s commitment to support TOR in its operations by assisting the refinery to roll its capital base over the period and refinance its debt. He added that government had finalized the Single Point Mooring (SPM) and Conventional Buoy Mooring (CBM) contract agreement and announced that the CBM would be given to TOR to operate it.
The President gave the assurance at a staff durbar during his tour to the refinery on Monday, May 9.
He stated that government was ready to assist TOR revamp the existing CDU capacity of 45,000 to 60,000 barrels per stream day and also commence the planning process for the construction of a new 100,000 Crude Distillation Unit (CDU) at the refinery.
He indicated that these were geared towards re-establishing TOR as a viable entity and position its as one of the foremost state enterprises in Ghana.