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The Tema Oil Refinery (TOR) has rejected allegations from one of its clients; Woodfields Energy Resources Limited of a shortfall on its product volumes being held in the Refinery’s tanks.
TOR has been responding to some publications by Woodfields that, they are not indebted to the Refinery to the tune of US$5.7 million and raised issues with some shortfalls in their product they observed through their stock accounting records.
A statement issued by TOR said, “It is instructive to note that at no point in the ongoing product material balance between TOR and Woodfields has any such shortfall been established”.
TOR says it, therefore, rejects in no uncertain terms, “the erroneous impression being created by Woodfields that it has caused such a shortfall in their products in TOR tanks”.
Read the full statement below:
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