Uncertainty Over Crude Oil Delivery

The anticipated delivery of crude oil to the Tema Oil Refinery (TOR) yesterday for refining was still uncertain at the time of going to press. This is because the $54 million worth of letters of credit (LCs) so far guaranteed by Ecobank Ghana only cover the cost of 750,000 barrels out of the more than 997,000 barrels of crude brought into the country last Sunday by Sahara Energy.

 
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