TOR to clear debt after posting $800,000 profit, MD says
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TOR to clear debt after posting $800,000 profit, MD says
In 2015, TOR's debt was estimated to be in excess of 1.9 billion Ghana Cedis, however, the MD says the introduction of the Energy Debt Recovery Levy would help to settle the debt.
Mr Kwame Awuah Darko
The acting Managing Director of Tema Oil Refinery (TOR), Mr Kwame Awuah Darko, has said the company is taking steps to clear its debt within the next 10 years after posting $800,000 profit from its operations from February 16 to April 20, 2016.
Production of crude oil resumes on the Jubilee Field
Production of crude oil has resumed on the Jubilee Field after Tullow declared force majeure on two cargoes after an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil.
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The turret bearing on FPSO Kwame Nkrumah developed a fault and was shut down for maintenance work.
Initial maintenance deadline was missed, raising concerns it may worsen the country’s shaky power supply.
We go to the currency market now where
Currency Buying Selling
Dollar 3.80 4.10
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Pound Sterling 5.48 5.78
Euro 4.28 4.58
On how your stocks performed on the GSE Index today
UT Bank Limited were the biggest gainers of the day, gaining 1p to close at 10p….whereas Ghana Commercial Bank Limited and Societe Generale Ghana Limited were the biggest losers of the day, dropping 1p each to close at 3.02p and 0.76p respectively.
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