The National Petroleum Authority (NPA) fined nine oil marketing companies GH2,215,000 for illegal third-party trading of petroleum products and illegal lifting of petroleum products.
Bello Petroleum, Jas Petroleum, Oval Energy, Kros Energy, Safety Petroleum, and Santol Energy are the companies. Riseglobe Energy, Sayon Energy, and Cigo Energy are the others.
According to the NPA, “Cigo Energy must pay a fine of GH725,000.00, consisting of GH30,000.00 for engaging in third party supplies for the second time and GH695,000.00 for the unlawful lifting of petroleum products.”
Sayon Energy was fined GH425,000.00, which included GHS10,000.00 for the first time engaging in third-party supplies and GH415,000.00 for the illegal lifting of petroleum products.
Bello Petroleum was fined GH120,000.00, with GH10,000.00 for the first time engaging in third-party supplies and GH110,000.00 for the unlawful lifting of petroleum products.
Jas Petroleum will pay a GH65,000.00 fine, which includes GHS10,000.00 for the first time engaging in third-party supplies and GHS55,000.00 for the unlawful lifting of petroleum products.
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Oval Energy will also pay a fine of GH245,000.00, which includes GH10,000.00 for the first time engaging in third-party supplies and GH235,000.00 for the unlawful lifting of petroleum products.
Kros Energy was fined GH295,000.00, with GH10,000.00 for the first time engaging in third-party supplies and GH285,000.00 for the unlawful lifting of petroleum products.
Safety Petroleum will pay a fine of GH200,000.00, which includes GH10,000.00 for the first time engaging in third-party supplies and GH190,000.00 for the unlawful lifting of petroleum products.
“Safety Petroleum will pay a fine of GH200,000.00, consisting of GH10,000.00 for the first time engaging in third-party supplies and GH190,000.00 for the unlawful lifting of petroleum products.”
“That Santol Energy will pay a fine of GH75,000.00, consisting of GH10,000.00 for the first time engaging in Third Party Supplies and GH65,000.00 for the unlawful lifting of petroleum products.”
“Riseglobe Energy pays a fine of GH65,000.00, consisting of GH10,000.00 for the first time engaging in Third Party Supplies and GH55,000.00 for the unlawful lifting of petroleum products,” according to the release.
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