Urgent.News

What's breaking now, across thousands of outlets.

More in Business

Finance Ministry to write off $120m of TOR’s legacy debt

The Ministry of Finance is expected to write off about US$120 million of the Tema Oil Refinery’s (TOR) legacy debt as part of efforts to ease the financial burden on the state-owned refinery. TOR Managing Director Edmond Kombat disclosed this when Parliament’s Energy Committee visited the refinery as part of a working engagement.

More from Wednesday 23 September →