The CEO of Tema Oil Refinery and a former Goldman Sachs banker helped pass millions of dollars in bribes to Ghanaian officials to curry favour for his clients’ plans to build an electrical power plant, the Securities and Exchange Commission alleged on Monday. The SEC said in a complaint filed in New York that Asante Berko “took deliberate measures to…
The blast at the crude distillation unit, which caused no casualties, is the latest problem to hit the refinery, which has for decades performed below its capacity of 45,000 barrels per day. “It was a damper failure. It failed to open to allow heat to escape through the chimney and that led to the explosion,” one source said. “The…
In Ghana, the Tema Oil Refinery (TOR) is expected to start processing crude oil from the Tweneboah Enyerra Ntonme (TEN) field from Friday, January 6, 2017. This was declared by the Managing Director of TOR, Kwame Awuah Darko, who sees the development as historic. According to Darko, he is optimistic that the company will process the one million barrels…
