Ing. Herbert Ato Morrison has been appointed the acting Managing Director of the Tema Oil Refinery, Citi News can confirm.
A source at the refinery disclosed to Citi News that the mantle fell on Ing. Morrison who has served in the firm in excess of over 30 years to steer the affairs of the refinery post-Isaac Osei-era.
Until his appointment, Ing. Morrison was the General Manager, Technical Services and he is the senior-most engineer at the nation’s sole oil refinery.
Departure of Isaac Osei
The energy policy think tank in a press release stated that its investigations revealed that Mr. Osei left his position after he refused to sign off a deal to refine 11 million barrels of crude oil at a cost of US$1.5 per barrel instead of a market rate of US$4.5 per barrel.
According to the statement, should TOR agree to the terms that were being imposed on it, the refinery would not have been able to recover its operational costs much less talk of making any gain on the transaction.