
Current Affairs
TOR’s Debt Hits $517M, Management Blames Trade Liabilities and IMF Adjustments
Tema Oil Refinery (TOR) has revealed that its total debt burden surged to $517 million by the end of 2024. This figure reflects years of accumulated trade liabilities and a recent reclassification of financial assistance from the Ministry of Finance. TOR’s Acting Managing Director, Edmund Kombat, disclosed the figures