8-) Govt Considers Joint Venture Arrangement To Revive TOR 8-) Government is considering a joint venture arrangement with Petro Saudi to revive the ailing Tema Oil Refinery. The refinery’s Crude Distillation Unit (CDU) plant was shutdown in 2011 due to TOR’s inability to obtain letters of credit (LCs) from its bankers to purchase crude oil for production, Deputy Energy Minister, John Jinapor told Parliament on Thursday. Starr FM’s Parliamentary correspondent, Kobby Gomez reported that Jinapor told Parliamentarians Thursday, that the joint venture arrangement with Petro Saudi would fix the inefficiencies and ensure consistent supply of Crude oil. Junior staff of the Tema Oil Refinery, in July this year appealed to President John Mahama to save the refinery from collapse. According to them, the refinery is bleeding with a daily loss of GH?350,000 due to the shutdown. Read Article Comment: NO WAY, THIS SHOULD NEVER HAPPEN Author: KWAME KWAME Date: 2014-11-27 19:16:36 Comment to: Govt considers joint venture arrangement to reviv I knew this was coming. Why are we mortgaging all our national assets. Our children will have nothing to show for in their own country in future. When all the wealth of a nation ends in the hands of foreigners, the citizens of the land become aliens in their own back yard. TORs problem is shear mis-manangement and we can save it by even bringing in experienced Ghanaians who are working in the industry even from the diaspora instead of putting all these Phds who have no business backgrounds in charge of such unique national treasures. Nkrumah will indeed weep in his grave if we go this way. If the Saudis want to be in joint venture with Ghana, there are many areas they can go into joint venture with us but not in this strategic TOR. What is wrong with our leaders? This is getting insane indeed. If Government felt energy is important why did the Govt not use the proceeds from the Eurobond to solve this problem? Ask the Saudis to help us in building industries that will help create jobs for the masses who are unemployed and so we can transform our economy. We must not allow foreigners to control some of the sensitive and strategy national assets such as TOR. If anything at all the Government should float bonds for Ghanaians to benefit from the ownership of TOR but not to take short cuts and mortgage this asset for the benefit of foreigners. Nothing is so painful than to go to some of our African countries and you realize that many businesses are owned by foreign companies, and only the menial jobs are left for the citizens of the country. The citizen virtually become slaves in their own countries. Ghana has come a long way to go this way and we should do everything humanly possible to resist the attempt on the part of Government even to bring this discussions to the table. ghanaweb/GhanaHomePage/NewsArchive/artikel.php?ID=336847&comment=11114236#com
Posted on: Thu, 27 Nov 2014 23:16:24 +0000
Trending Topics
Recently Viewed Topics
© 2015