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Torrentco Deal: Rehabilitation Project Not Attracting Established Players; TOR Carrying US$400m Debt - Board Responds To OSP & A-G

Torrentco Deal: Rehabilitation Project Not Attracting Established Players; TOR Carrying US$400m Debt - Board Responds To OSP & A-G

We are not engaged in a dubious deal - TOR management

"We've subjected this deal to competitive tender and evaluated by the TOR board comprised of reputable and highly experienced individual. The proposal was reviewed by the MoE [Ministry of Energy], MoF [Ministry of Finance], SIGA [State Interest and Governance Authority], Attorney General, BOST and the NPA [National Petroleum Authority]".

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