OSP orders TOR to suspend proposed partnership deal with Tema Energy Limited

Source The Ghana Report

The Office of the Special Prosecutor (OSP) has directed the management of the Tema Oil Refinery (TOR) to suspend its proposed partnership agreement with Tema Energy and Processing Limited (TEPL).

The directive of the OSP follows agitations of staff of the Tema Oil Refinery (TOR) who expressed their opposition to the partnership deal with Torentco Asset Management Limited now Tema Energy and Processing Limited.

On Monday, November 20, the General Transport, Petroleum, and Chemical Workers Union of the Trades Union Congress (TUC) Ghana petitioned the OSP to investigate the Torentco-TOR deal.

According to them, these two newly formed entities –  Tema Energy and Processing Ltd and TOR Workers Charity Trust LBG are parts of a grand scheme by the management of the TOR to use in carrying out its lease agreement with Torentco.

Although the explanation given to them is that the move is to pursue workers’ interests, the union members say they will have none of that insisting that the right thing must be done to revive TOR.

The OSP, in a letter dated November 21, 2023, and addressed to the Managing Director of TOR, Daniel Osei Appiah, said “it has commenced an analysis of the risk of corruption in respect of the proposed partnership.

“You are directed to immediately suspend the proposed partnership agreement, ongoing negotiations, operations and all other ancillary activities arising out of and consequent upon the proposed partnership agreement until you are otherwise advised by the Special Prosecutor,” portions of the letter said.

Find the letter below:

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