{"id":332137,"date":"2017-06-28T12:22:00","date_gmt":"2017-06-28T12:22:00","guid":{"rendered":"http:\/\/citifmonline.com\/?p=332137"},"modified":"2017-06-28T12:22:00","modified_gmt":"2017-06-28T12:22:00","slug":"npa-to-fine-zup-oil-movenpinaa-over-contaminated-fuel-sale","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/06\/npa-to-fine-zup-oil-movenpinaa-over-contaminated-fuel-sale\/","title":{"rendered":"NPA to fine Zup Oil, Movenpinaa over contaminated fuel sale"},"content":{"rendered":"
The acting Chief Executive Officer of the National Petroleum Authority (NPA) Alhassan Tampuli, has indicated that the two companies confirmed to have purchased the over 5 million litres of contaminated fuel from the Bulk Oil Storage and Transportation (BOST) Company will be sanctioned with at least a fine.<\/p>\n
The companies, Zup Oil and Movenpinaa Energy, will however also be allowed to regularise their operations with the NPA, according to the\u00a0acting NPA CEO.<\/p>\n
[contextly_sidebar id=”jUu0yBiueKL9EZslGDoTK6Lj98wZfC2V”]They are not licensed to undertake any commercial activity in the downstream petroleum industry thus, their activities infringe on section 11 of the National Petroleum Authority Act, ACT 691, 2005.<\/p>\n
Speaking on the Citi Breakfast Show<\/strong>, Mr. Tampuli said\u00a0“there is a standard sanction that we impose on such petroleum service providers who do not have licences to operate. What we do is to enforce these sanctions which are known to everybody in the industry. For every trivial activity that they engage in, they pay GHc10,500.\u201d<\/p>\n Mr. Tampuli added that, the NPA is “in the process of reviewing those guidelines to include the possibility of confiscating assets of those companies if they do not get licences before they start operating.\u201d<\/p>\n The NPA has however “asked them [Zup Oil, Movenpinaa] to come and regularize their operations because they are not known and if they are not known, they are not bound by the guidelines and regulations we have in the sector.”<\/p>\n The NPA, has said it will take legal action against the firms,\u00a0whiles it conducts further investigation to determine the actual quantity and quality of the products received.<\/p>\n