Business News of Tuesday, 25 August 2020Source: www.ghanaweb.comCOPEC reveals the cause of Tema Oil Refinery collapseplay videoExecutive Secretary of COPEC, Duncan AmoahTema Oil Refinery (TOR) shut down its operations in June 2018 due to lack of crude oil which serves as raw material for the refinery. However, Executive Secretary of the Chamber of Petroleum Consumers Ghana, Duncan Amoah in an interview with GhanaWeb has listed several things that contributed to the collapse of the Tema Oil Refinery two years ago. Based on this, Mr Amoah asked that the equipment at the refinery be retooled and government must immediately pump money into TOR to revive it. He added that TOR in the past contributed to the growth of the economy but, unfortunately, the refinery is on its knees. Turning TOR into a tank hubThe Executive Secretary of COPEC insinuated that it will be inappropriate for the government to turn the nation’s oil refinery into to tank hub.

Source: GhanaWeb August 25, 2020 12:33 UTC