The Institute of Energy Security has urged the government to revamp the Tema Oil Refinery ( TOR)to reduce the country’s over dependence on imported fuel.
The IES however has fears that, this development has dire implications should there be threats of cut of supply.
This advice comes on the back of the fuel shortage that has hit Nigeria for at least three weeks now.
Executive Director of IES, Paa Kwesi Anamoah Sekyi, stated that revamping the Tema Oil Refinery will save Ghana from a similar fate going forward.
“Lessons that Ghana can draw from this is when all your fuel consumption is dependent on imports, it becomes quite dangerous for you especially when importers or suppliers of these products have a challenge with the government, they might choose not to bring in the products and so it becomes a problem.”
“So we should make our Tema Oil Refinery work because it is a strategic asset that we have we can’t depend on just oil imports. The whole of 2017, all the oil that we have been consuming, came from oil imports so we should ensure that TOR works as soon as possible,” he again claimed.
Meanwhile, the Finance Minister, Ken Ofori Atta has already disclosed that government is seeking to revive operations at the Tema Oil Refinery (TOR) by the first quarter of next year, as it aims at improving the local production of some essential products for the energy sector.