Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Glencore downplays NPA’s law suit threat

  • POSTED ON: August 18, 2017
  • SOURCE: BFTonline
  • CATEGORY:

Glencore Energy UK Ltd, a global commodities company, has downplayed accusations by the National Petroleum Authority (NPA) that it has been operating without a license in Ghana’s petroleum downstream industry.

According to the company, it only acts as an international supplier of petroleum products and is, therefore, not breaking any law of Ghana, Andre Gibson, Director of Glencore Energy UK said.
The NPA had accused Glencore of importing petroleum products for storage and sale to various customers within Ghana, in violation of section 11 of the National Petroleum Authority Act, ACT 691 of 2005.
Consequently, the NPA, in a June 23, 2017 letter, ordered Glenore to stop the illegal act or face legal action.
Responding to the NPA accusation, Glencore, in a letter dated July 7, 2017, said all its businesses in Ghana are within the remits of the law, adding that the NPA may have been working with “inaccurate information” with regard to its involvement in Ghana’s petroleum industry.
“Our role is strictly limited to being an international supplier of petroleum products. As you recognise on your own website, ‘the industry works closely with international suppliers like… Glencore… to supply about 80 percent of petroleum products currently consumed in the country’.
“We do not (and have not at any time) undertaken or engaged in any ‘business or commercial activity in the downstream industry’ in Ghana for the purpose of Section 11(1) of the Ghanaian National Petroleum Act (“NPA”).
“Contrary to the information you have received, we have not in fact imported or stored any petroleum products in(to) Ghana.”

Profile photo of Editor
Follow Us

Editor

Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
Profile photo of Editor
Follow Us

Share this article

Leave a reply

Personality of the Month
  • Mr Egbert Faibille Jnr

    Mr Egbert Faibille Jnr

    Egbert Faibille Jnr is the successor of  Theophilius Ahwireng Mr Egbert Faibille Jnr was a…
Follow Us Online
About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar