Crude Oil
Crude Oil

The National Petroleum Authority (NPA) has said it has taken notice of some infractions by some petroleum service providers (PSPs) who have engaged in illicit third-party trading of petroleum products and has, accordingly, applied the requisite sanctions.

A statement from the corporate affairs department of the NPA listed the affected companies and accompanying sanctions as follows:

That Moari Oil Co. Ltd pay a fine of GHS50,000.00 comprising GHS10,000.00 for engaging in third-party supplies and GHS40,000.00 for the unlawful lifting of petroleum products.

That Rodo Oil Co. Ltd pay a fine of GHS350,000.00 comprising GHS10,000.00 for engaging in third-party supplies, GHS340,000.00 for the unlawful lifting of petroleum products, and a one-month suspension of operations.

That MBA Global Ltd pay a fine of GHS85,000.00 comprising GHS 10,000.00 for engaging in third-party supplies, GHS75,000.00 for the unlawful lifting of petroleum products, and a one-month suspension of operations.

That Cigo Energy Ltd pay a fine of GHS245,000.00 comprising GHS10,000.00 for engaging in third-party supplies and GHS235,000 for the unlawful lifting of petroleum products.

That Torrid Global Ltd pay a fine of GHS550,000.00 comprising GHS 10,000.00 for engaging in third party supplies and GHS540,000.00 for the unlawful lifting of petroleum products.

That Naddif Co. Ltd pay a fine of GHS150,000.00 comprising GHS 10,000.00 for engaging in third-party supplies, GHS140,000.00 for the unlawful lifting of petroleum products, and a one-month suspension of operations.

That GAT Oil pay a fine of GHS120,000.00 comprising GHS 10,000.00 for engaging in third-party supplies, GHS110,000.00 for the unlawful lifting of petroleum products, and a one-month suspension of operations.

The NPA said any company that fails to comply with the rules and guidelines stipulated will be subjected to appropriate sanctions.

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