TOR rules out removal of refinery margin citing debt burden  

Mr Edmond Kombat, Managing Director of TOR, also underscored the impact of debt pressures on the refinery’s operations, noting that accumulated liabilities continued to weigh on the company’s financial performance.

Mr Bilijo explained that TOR continued to grapple with substantial legacy debts accumulated over the years, which required steady revenue streams, including the refinery margin, to be addressed.

The Tema Oil Refinery (TOR) has ruled out the immediate removal of the refinery margin, citing its significant debt burden and ongoing financial recovery efforts.