Business News of Friday, 11 May 2018Source: Myjoyonline.comTOR tank farm policy senseless, defies logic - ManteawDr. Steve Manteaw, Policy AnalystThe attempt by the Energy Ministry to scrap the Tema Oil Refinery (TOR) and turn it into a tank farm has received widespread condemnation. “Why will anybody want to collapse TOR?” he asked, adding, “It does not make sense and it defies logic.”The Energy Ministry is yet to comment on the latest backlash. It is a viable entity.”He blamed the current challenges at TOR on the huge debt which the TOR recovery levy has not cleared for well over a decade. The TOR recovery levy was introduced by the Kufuor administration to pay off the huge debt it inherited from the Rawlings led administration. “We need to clear the TOR recovery debt and expand TOR facilities to do about 100,000 barrels.

Source: GhanaWeb May 11, 2018 19:30 UTC