According to him, with private sector participation, efficiency will be guaranteed for the smooth running of the facility.
Speaking in an interview with Class Business’ Pious Kojo Backah, Dr Yusif Suleman said private sector involvement in running TOR is the best for the refinery’s redevelopment.
“A refinery is a critical structure that is key to every nation's fuel security or energy security as a whole...However, if a refinery that under the nation's control and the nation is not able to run the refinery, privatisation should be the way to go”, he proposed.
“Our case proves that we need to get private sector participation into the activities of the refinery,” Dr Suleman said.
He continued: “There has been a lot of inertia in the running of the refinery for the past decade and that is so unfortunate. We need to get the refinery back to business”.
He explained: “Part of what we need to do is to inject maximum efficiency into the day-to-day operations of the refinery,” adding: “With private sector participation, two things could happen”.
“I think that efficiency will be guaranteed, and most importantly, the refinery hasn't seen any among of capital injection for the past decade,” he added. Read Full Story