29.6 C
Wednesday, April 24, 2024
BusinessIES, COPEC demand transparency amidst fuel quality concerns


IES, COPEC demand transparency amidst fuel quality concerns


The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have raised questions about the National Petroleum Authority’s (NPA) decision to impose additional sanctions on Chinese-owned Sentuo Oil Refinery, given concerns about the quality of its products.

In a joint release seen by GhanaWeb Business, the two organizations called on the NPA to disclose the full extent of the sanctions imposed on Sentuo Oil Refinery Limited (SORL) following the release of allegedly substandard products onto the Ghanaian market.

- Advertisement -

“One wonders, if indeed the Sentuo refinery products on the market are not a source of worry why the additional sanctions by the NPA?” the statement from IES and COPEC queried. They urged the NPA to provide transparency by making public the complete list of sanctions imposed on SORL since the release of the controversial products.

Moreover, the organizations emphasized the need for appropriate compensations to be made to affected stakeholders, including the Association of Oil Marketing Companies and consumers who experienced issues with their engines due to the alleged substandard fuel.

- Advertisement -

“The NPA must be made aware of the fact that any such sanctions on the Chinese refinery must factor due and appropriate compensations to both the Association Of Oil Marketing Companies and its members affected by the bad fuel and its attendant challenges on their facilities as well as the consumers who patronised these products and are currently grappling with one issue or the other on their engines,” the release stated.

This latest development follows earlier concerns raised by IES and COPEC regarding Sentuo Oil Refinery’s operations and the quality of its fuel products. The organizations accused the refinery of supplying substandard fuel and operating without the appropriate permits from the NPA.

- Advertisement -

In response, the NPA refuted these claims, asserting that it has enforced industry regulations fairly and equitably, and has not shown favoritism towards Sentuo Oil Refinery. However, IES and COPEC remain steadfast in their demand for transparency and accountability regarding the enforcement of sanctions against SORL.

Latest stories

‘Dumsor’ will be over in the next few days – ECG Board Chair assures Ghanaians

Chairman of the governing board of the Electricity Company...

Newmont pays GHS1.295bn in taxes for Q1 2024 to govt

Newmont's African Business Unit reported that in the first...

We have not received our bonuses – African Games medalists

Medal winners from the 2023 African Games have criticized...

Arnold Schwarzenegger admits Sylvester Stallone rivalry helped his career

American actor Arnold Schwarzenegger and Sylvester Stallone recently shared...

Pregnant women at Akwapim South Municipality benefit from portable ultrasound machines from ICDP Ghana

The International Child Development Program (ICDP) Ghana launched the...

This is what you need to do after you receive your I-20

Complete the DS-160 form by providing the following details...

Related stories

Newmont pays GHS1.295bn in taxes for Q1 2024 to govt

Newmont's African Business Unit reported that in the first...

Ghana Standards Authority to introduce online standards purchase before end of 2024

Acting Director of the Certification Directorate at the Ghana...

Drivers roll out 20% fare increase despite warning by govt

Public transportation costs have surged by a minimum of...

COCOBOD CEO must be dismissed immediately – CSO tells govt

A civil society organization, United Voices for Change (UVC),...

Increase in tax or petrol sales not due to SML – Bright Simons

Vice President of IMANI Africa, Bright Simons, has expressed...

By the end of May 2024, ‘dumsor’ will come to an end – Ayeh-Paye assures Ghanaians

Responding to demands for a load-shedding schedule from ECG,...


Please enter your comment!
Please enter your name here