TOR replies Woodfields Energy over $5.7m product shortfall claim

The Tema Oil Refinery Ltd (TOR) has refuted claims by Woodfields Energy Resources Ltd that there was a shortfall of its products held at the refinery.

The national refinery said Thursday that the claim that there was a shortfall of Woodfields' products, equivalent to $5.7 million, at TOR was unsubstantiated, not established by an ongoing product reconciliation exercise and, therefore, erroneous.

Consequently, TOR said in a statement that it rejected "in no uncertain terms the erroneous impression being created by Woodfields" that the refinery had caused such a shortfall of products initially under its care.

The statement, which was signed by the Corporate and Public Affairs Manager of TOR, Dr Kingsley Antwi Boasiako, was in response to media publications to the effect that Woodfields, which is a client of the refinery had realised a shortfall of its products.

Attached below is a copy of the press statement.