Ghana’s petroleum downstream regulator, NPA, has revoked the licenses of some 20 companies operating within the petroleum industry for the past seven years.
The NPA’s crackdown on the companies began in 2016 to 2021.
Some of the companies operate as Bulk Distribution Companies, while the rest operate as Oil Marketing Companies and export companies.
The companies which operate as Bulk Distribution Companies but have had their licences revoked are Chrome Energy, Deen Petroleum Ghana Limited, Springfield Energy Limited, Timeless Oil Company Limited, LHS Ghana Limited, Imperial Energy Company, L.I.B Ghana Limited, Mimshack Energy Ltd, Richelle Energy Limited and Wi Energy Ltd.
The OMCs which have had their licences revoked are G&G Oil Company and Oando Ghana Limited.
The NPA has also revoked the licences of the following companies which are into petroleum products export: Energie Reference Limited, Mangifera Company Limited, Chesdea Company Limited, RE Petroleum Limited, Strata Energy Limited and Trigon Energy Limited.
Meanwhile, NPA has also revoked the licences of Emo Energy Limited which is into storage tank cleaning, Rock Everest Trading & Construction Limited into lube blending and Blue Bay which is into Bunkering.
Ghana’s petroleum downstream has been witnessing some criminal activities despite efforts being made to clean the sector.
The newly appointed CEO of NPA, Dr. Mustapha Abdul-Hamid, who has been in office barely seven months, has vowed to do everything possible to ensure that players abide by the rules of the Authority.
It is the hope of this portal that he would be able to clean the sector of miscreants who also want to beat control measures put in place.
Source: https://energynewsafrica.com