While it is true that the new board chair nominee served on the previous board, sources close to the TOR board clarify that there is no proof to suggest that he was involved in any dubious activity pertaining to the Torentco-bought sale.
TOR-Torentco Partnership
As part of the government’s attempt to reform the corporation, the Minister for Energy created a three-person Interim Management Committee (IMC) in June 2021 to supervise the refinery’s operations.
Among other things, “receiving and assessing viable partnerships for TOR” was one of their responsibilities. The IMC received two bids from both domestic and foreign businesses while they were in office. Intercontinental Energy-Dubai and Africafinch-Dubai were the names of the companies.
After the new board of directors assumed office, the expression of interest campaign proceeded.