NPA’s claims<\/a><\/strong><\/span>, said all its business in Ghana is within the remits of the law, adding that the NPA may have been working with \u201cinaccurate information\u201d with regards to its involvement in Ghana\u2019s petroleum industry.<\/p>\n\u201cOur role is strictly limited to being an international supplier of petroleum products. As you recognise on your own website, \u2018the industry works closely with international suppliers like\u2026 Glencore\u2026 to supply about 80 percent of petroleum products currently consumed in the country’.\u201d<\/p>\n
“We do not (and have not at any time) undertaken or engaged in any \u2018business or commercial activity in the downstream industry\u2019 in Ghana for the purpose of Section 11(1) of the Ghanaian National Petroleum Act (\u201cNPA\u201d)… Contrary to the information you have received, we have not in fact imported or stored any petroleum products in(to) Ghana.\u201d<\/p>\n
Dealings with\u00a0Tema Fuel Company<\/strong><\/p>\nThe letter noted that Glencore on occasions places petroleum products into storage at Tema Fuel Company\u2019s (TFC) bonded tank farm, \u201con behalf of the Ghana Bulk Distribution Companies that have purchased and (imported) the petroleum products.\u201d<\/p>\n
TFC is licensed to own, manage and develop a storage depot at Tema and to rent and lease its depot space.<\/p>\n
Given Glencore is an international supplier, it does sell petroleum products \u201cregularly\u201d to Ghanaian BDCs by way of Delivered Ex-Ship (DES) terms or by way of In Tank Transfer (ITT) at TFC\u2019s tank farm.<\/p>\n
In this light, the company notes that “DES terms place the obligation to obtain import licenses and pay customs duties on the buyer.\u201d<\/p>\n
To the best of its knowledge, Glencore says its customers are \u201cfully licensed by the Authority to operate in Ghana\u2019s petroleum downstream industry.\u201d<\/p>\n
Glencore further stated that \u201cwe do not sell petroleum products direct to Oil Marketing Companies or Bulk Customers in the Power Sector in Ghana.\u201d<\/p>\n
–<\/p>\n
By: citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Glencore Energy UK Ltd, a company cited by the National Petroleum Authority (NPA) for operating without a license in Ghana\u2019s petroleum downstream industry, says it only acts as an international supplier of petroleum products. Glencore was said to have been importing petroleum products for storage and sale to various customers within Ghana, in violation section […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[3,10215,809,10233],"yoast_head":"\n
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