Ensure TOR becomes viable – Opoku Prempeh to new TOR Board

Dr Matthew Opoku Prempeh, the Minister of Energy, on Tuesday inaugurated the newly constituted 11-member board of the Tema Oil Refinery (TOR) Company Limited in Accra and urged them to rise to the occasion.

Dr Prempeh highlighted that despite several interventions in the past, the company remains in distress, a situation that cannot persist.

He pointed out that the company is currently underperforming relative to its demand.

There is enough demand in the country for what TOR’s core mandate stands for, and I urge you to see new entrants into the market more as your collaborators than your competitors per se.

“In that process, I urge you to be mindful that demand is not stagnant, and TOR must work hard towards becoming a viable player in this industry and to take advantage of the demand for your services.”

“I would want to urge TOR to make a deliberate effort to ensure that it becomes a modern day 21st century organization centered on profit-making as a State-owned company supporting the government of the day,” he stated.

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