TOR Wahala Mahama To Sell TOR To Family And Friends – MP Assets

Mr Matthew Opoku Prempeh said it is a deliberate attempt by the President to sell TOR to "friends and families."

  • Published:
MP for Manhyia South, Matthew Opoku Prempeh play

MP for Manhyia South, Matthew Opoku Prempeh

24/7 Live - Subscribe to the Pulse Newsletter!

Member of Parliament for Manhyia South, Mathew Opoku Prempeh claims it is a deliberate policy of government to run down the Tema Oil Refinery (TOR) in order to sell the facility to “friends, family and cronies”.

According to him, TOR can be very “effective and profitable” if government makes a conscious effort to revive it.

'Napo' as he is popularly called made the claim while commenting on the government’s intent to enter into a joint venture agreement with Saudi Arabian petroleum giant, PetroSaudi to help revamp TOR.

If the agreement is concluded, PetroSaudi will be required to ensure the supply of adequate quantities of crude oil for TOR to refine.

Speaking on Asempa FM’s Ekosii Sen programme on Friday, Mathew Opoku Prempeh said Ghanaians will be shortchanged if the agreement is approved.

He explained that per the agreement, TOR will only refine the crude and PetroSaudi will sell it and decide how the proceeds will be shared.

This, the Manhyia South MP insists is “daylight robbery” by the Mahama-led administration.

Napo stated unequivocally that until government comes out with "further and better particulars" of the whole deal, Parliament will not approve it.

Communications Consultant to the Energy Ministry, Edward Bawa, however, maintains the agreement shows government has the interest of TOR at heart.

He indicated that, all government is seeking to do is to ensure TOR operates to full capacity.

Edward Bawa indicated that if approved, the agreement with PetroSaudi will ensure the effectiveness and efficiency of TOR.

He said TOR, which is not operating at full capacity because of its inability to establish letters of credit to buy crude, will be receiving the products to refine.

Edward Bawa added that TOR stands to gain a lot if Parliament approves the PetroSaudi deal.

Source: Adomonline

Recommended Articles

Recommended Videos





Top Articles

1 Visa row: Ablakwa condemns US embassy over new visa policybullet
2 Bin Atef Ex-Gitmo detainee marries in Ghanabullet
3 Prophecy Obinim makes some death revelationsbullet
4 Issues Former NDC MP reveals US gave Ghana $300k for Gitmo 2bullet
5 Adult Movies ICE TV to go to court over porn banbullet
6 J.J Rawlings This is the surprise 70th birthday gift of...bullet
7 Gitmos Lawyer for ex-Gitmo detainee says his client is being...bullet
8 Visa privileges to officials US embassy clarifies...bullet
9 Free SHS Education Minister to face Parliament over...bullet
10 Crash Vehicle of IGP involved in accidentbullet

Top Videos

1 Lynched Soldier Listen to the man who hit Capt. Mahama's head with a blockbullet
2 Prophecy Hundreds will die in floods in 2017 – Prophet revealsbullet
3 Capt. Mahama's Death The account of this 10-year-old will leave you...bullet
4 Lynched Soldier Residents of Denkyira-Obuasi mourn Maj. Mahamabullet
5 Meet "The Beast" President Obama's Cadillac that's more tank...bullet
6 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
7 Video Police officer attacked at Flagstaff Housebullet
8 Nigerians stop deportation of chained compatriot in KLM...bullet
9 Video Four suspects arrested for Captain Mahama's deathbullet
10 Watch Stop taking collection in churches -TB Joshua to...bullet

News