The Institute of Energy Security (IES) is predicting the eminent collapse of the Tema Oil Refinery (TOR) if urgent steps are not taken to rescue it.
Executive Director for IES Nana Amoasi the VII told Sena Nombo on the Gold Power Drive the refinery has to spend $150,000 on the Crude Distillation Unit anytime it switches on the machine.
He also expressed fears TOR may be losing its Technical Staff to the emerging Dangote Refinery with executives of the new giant Nigerian refinery already scouting talent and expertise in Ghana.
The Tema Oil Refinery was set up to crack crude into refined fuel for use but Nana Amoasi VII says the company has not be able to crack up to 8million barrels of crude since 2017 when the Nana Akufo-Addo regime took power.
This is despite the fact that the company is on record to have cracked up to 7million barrels in one year period between from 2015 to 2016.

The IES Boss appealed to President Akufo-Addo to intervene to provide strategic leadership to revive the fortunes of the company as he was of the opinion that the Energy minister Matthew Opoku Prempeh needed to be schooled on the business of refinery.
Nana Amoasi VII is of the opinion that TOR needed the leadership that would work to build the strategic partnerships needed to restructure TOR into a company that would attract the investment needed for TOR to operate efficiently.
He expressed the fear that the emergence of Dangote Refinery may pose a threat to the long term survival of TOR if immediate reforms were not instituted.
Source: Radiogoldlive.com