In a major transfer for Ghana’s oil business, Tema Oil Refinery (TOR) has just lately sought approval from Ghana’s Public Procurement Authority (PPA) to lease its predominant manufacturing belongings to an organization known as Torentco Asset Administration.
The proposal entails leasing TOR’s major manufacturing belongings to Torentco Asset Administration, which might assume management of TOR’s core refining operations for a interval of six (6) years.
Below this settlement, Torentco would have the authority to refine as much as 8 million barrels of oil yearly, paying an annual lease of $1 million.
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Discover Imani’s Evaluation of the deal beneath;