Isaac Osei, the Managing Director (MD) of Ghana’s only oil refinery, Tema Oil Refinery (TOR), is leaving his post.
Confirming his departure to staff members of the refinery at this year’s end-of-year meeting held last Thursday night, Mr. Osei stated, “Let me tell you that this certainly will be my last time serving you as the Managing Director because you know that in life one must move on and I will be moving on in the next few days.”
He was, however, optimistic that the workers would support the incoming Managing Director to succeed, by moving the refinery to the next height.
The former Member of Parliament (MP) of Subin in Kumasi in the Ashanti Region took over from Mr. Kwame Awuah-Darko as the Managing Director of TOR in 2017.
The 67-year-old former Chief Executive Officer (CEO) of COCOBOD and one-time Ghana’s High Commissioner to the United Kingdom (UK) started work at the refinery on January 9, 2017 where he managed to revive the refinery, with supply of crude to refine although he had no experience in oil and gas.
Source: Daily Guide
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I would like Ghanaians everywhere to know one thing: Mr Ike Osei is arguably the best MD TOR has had. He came to TOR to inherit a very dilapidated organization. When he joined, every facet of the company had serious issues: no turnaround maintenance for the processing plants for 9 good years (an activity that must be done at length every 2yrs); collapsed furnace that had reduced the refining capacity from 45000bpsd to a paltry 28000bpsdand rendered the company unprofitable; no spare parts of critical equipment purchased for yrs; essentially no liquidity; no crude oil supply; and above all, no third parties dealing with TOR due to lack of credibility! But what do we see after few years in office? He has re-positioned the company to almost its old glory days. He supervised the most comprehensive turnaround maintenance that TOR had seen in decades that has overhaul the critical units to a near new level; gave so much training opportunities to all manner of workers than any MD TOR has seen; worked tirelessly to restore the completely eroded TOR's corporate image that has guaranteed influx of third parties businesses with TOR; paid virtually all outstanding statutory debts and those due workers that had lingered for yrs; settled most of TOR's outstanding utility bills ; procured the much needed two critical equipment (crude furnace and 120t/hr boiler) that would eventually reshape TOR, among many others. He has secured a constant supply of crude oil which had hitherto been the bane of TOR and caused the company to operate erratically...... Why should anyone attempt to remove such an asset from TOR? Those behind this must bow their heads in shame. He is not resigning out of volition. He is being asked. But we know one thing: that he is a self actualized person and with or without TOR, he has already made an indelible mark that worth applauding. He will forever be missed by all well meaning TOR staff. Hon Ike Osei, you have done well. Your prints are evidently indelible at TOR, Ghana’s parliament, Ghana’s embassy in UK, Cocoa board………..the list goes on!