CENTURION
Course/Position
Latest ports
Latest Waypoints
Latest news
Tema Oil Refinery shuts down, loaded ship waiting
The Tema Oil Refinery (TOR) has shut down its Crude Distillation Unit (CDU) plant following its inability to establish letters of credit (LCs) from its bankers to purchase crude oil for production. The management of the refinery has, for the past three weeks, been struggling to establish LCs for some $54 million to take delivery of a consignment of 600,000 barrels of crude ordered from Nigeria through an open market arrangement. The chartered vessel carrying the crude, the Nippon Princess owned by Chakos Shipping Line, is still on dock at the Tema Port awaiting the successful establishment of the LCs to enable it to dock at the single point mooring (SPM) facility for onward delivery. More at http://ghanaoilwatch.org/index.php?option=com_content&view=article&id=1851:tema-oil-refinery-tor-shut-down-crude-distillation-unit&catid=6:ghana-oil-a-gas-news&Itemid=27
Upload News