The National Petroleum Authority (NPA) has imposed sanctions on some Petroleum Service Providers (PSPs) who have engaged in illicit third-party trading of petroleum products.
According to a statement signed by Corporate Affairs Directorate of NPA, Maria Edith Oquaye, yesterday, any company that fails to comply with the rules and guidelines stipulated by the National Petroleum Authority will be subjected to appropriate sanctions.
Below are the affected companies and accompanying sanctions:
- Moari Oil Co. Ltd to pay a fine of GH¢50,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies and GH¢40,000.00 for the unlawful lifting of petroleum products.
- Rodo Oil Co. Ltd to pay a fine of GH¢350,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies, GH¢340,000.00 for the unlawful lifting of petroleum products and a one (1) month suspension of operations.
- MBA Global Ltd to pay a fine of GH¢85,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies, GH¢75,000.00 for the unlawful lifting of petroleum products and one (1) month suspension of operations.
- Cigo Energy Ltd to pay a fine of GH¢245,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies and GH¢235,000 for the unlawful lifting of petroleum products.
- Torrid Global Ltd to pay a fine of GH¢550,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies and GH¢540,000.00 for the unlawful lifting of petroleum products.
- Naddif Co. Ltd to pay a fine of GH¢150,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies, GH¢140,000.00 for the unlawful lifting of petroleum products and one (1) month suspension of operations.
- GAT Oil to pay a fine of GH¢120,000.00 comprising of GH¢10,000.00 for engaging in Third Party Supplies, GH¢110,000.00 for the unlawful lifting of petroleum products and one (1) month Suspension of operations.
