The top U.S. refiners have posted record quarterly profits this year amid high refining margins and reduced operational capacity in America, more than recovering the hefty losses from 2020, when the pandemic hit fuel demand.
The Institute for Energy Policies and Research (INSTEPR) in consultation with other civil society organizations and industry experts will organise a forum to engage the government to find a lasting solution to the Tema Oil Refinery (TOR) problem.
Minister of Trade and Industry, Alan Kyerematen has expressed
confidence that the establishment of the Sentuo Oil Refinery Limited
will dampen demand for foreign exchange meant for imports.