By Kwasi Kpodo
ACCRA (Reuters) - Ghana's state-run 45,000 barrel-per-day Tema Oil Refinery will resume crude processing by Monday, the plant's managing director said on Thursday, following a two-week shutdown.
"We are set to start processing this weekend - we believe that (at the) latest by Monday, TOR should be in production," Ato Ampiah told Reuters.
Ampiah said the plant had undergone an upgrade to its boilers to allow them to run on gas instead of oil.
"It's a big turn around and we expect this upgrade to save the refinery millions of dollars a month," Ampiah said.
He added that the refinery had purchased 630,000 barrels of crude oil, meaning feedstock was on hand for the restart, and that another 200,000-barrel shipment would arrive to the refinery by next week.
Sources close to the plant's labour union told Reuters the plant had been shut since April 11 due to lack of crude.
The Tema refinery has been hobbled by repeated shortages in available crude since 2008, when its main lender Ghana Commercial Bank cut off support due to unpaid debts totalling $600 million.
Ghana's government repaid the debt to the bank early last year, but officials said the refinery still remained indebted to some bulk oil suppliers.
Ampiah said that by June, the refinery would have the capacity to produce high octane petroleum as part of plans to increase its expand its profitability. Currently, Ghana imports high octane fuel and other complex refined products.
Ghana is Africa's newest crude oil exporter after starting up its offshore Jubilee field. But authorities have said the Tema refinery needed an overhaul to be able to run the domestically produced oil.
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Nigeria needs BLOOD REVOLUTION like the one of Rolings in Ghana to weep out the people like Jonathan Ebele goodluck Mr. No shoe. Now they share 155billion naira again, we need to hold the bull by horn.
Why all the blame on Jonathan who has just been there for less than 2 years as an elected president? what shall we then tell Obasanjo who was there for eight unproductive years? Where is the place of the likes of Babangida, Abubakar, Shagari and the rest of the damned pack? We keep resisting every move by Jonathan to sanitise the oil industry and make it more productive and plug the leakages created by the oil mafia through which they suck the economy dry. What about T.Y. Danjuma and his friends that have occupied the choicest oil blocks for scores of years? There is no better alternative to Jonathan for now as president. The likes of Buhari and co-travellers are agents of sharia Nigeria. Q.E.D.
their sins does not justify that of jonathan.
They once called Ghana a banana republic.Which one is the banana republic?
Jona is to blame. he was fully aware of the problems on ground and still asked Nigerians to mandate him to solve them.there are a thousand and one Nigerians who are capable of solving the issues. By failing he becomes a clog in the wheel. He may as well emulate Babangida and step aside. 2 years is enough to show your worth. A chick that will become a cock is known from the day it is hatched.