The National Petroleum Authority, (NPA) says it will take legal action against the entities involved in the contaminated fuel saga.
Ghana has reportedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies. Reports indicate that BOST agreed to sell about GHc 5 million litres of the contaminated fuel to Movenpiina Energy. Documents sighted by Beachfmonline indicates that as at Wednesday, June 21st, 2017, BOST had agreed to sell off an estimated 186,000 litres of contaminated fuel to the oil company.
The NPA said in a statement signed by its acting CEO Alhassan Tampuli, that the two companies alleged to have purchased the over 5 million litres of contaminated fuel under shady circumstances from the BOST operating without licenses.
The NPA’s revelation corroborates the claim by the Africa Centre for Energy Policy (ACEP), which raised the alarm about the irregularities in the transaction.
The African Centre for Energy Policy said Movenpiina initiated the transaction with BOST on 19th May, 2017, ten days before it became a legally recognized company in Ghana. The company had also not obtained the relevant license from the NPA to trade in the industry.
ACEP also claimed that ZUPOIL LTD, the company which was named “the off-taker” was said to have a storage facility that could accommodate the volume of product, but was not known in Ghana’s petroleum industry.
