Business & Finance

NPA Threatens Court Action Against Defaulting OMCs

The National Petroleum Authority (NPA) has threatened to sue over forty Oil Marketing Companies (OMC) in the country.
In a press statement, the NPA said the OMCs are defaulting payment to the Primary Distribution Margin Fund.
They have been given up until February 22 to clear their debts.
Forty-seven (47) OMCs have been flagged for indebtedness.
They include Apex Petroleum Ghana Limited, Best Petroleum, Bisvel Petroleum Services, Black Rock Energy Limited, Capstone Oil Limited, Champion Oil Company Limited, Deep Petroleum Limited, Deliman & Co Limited, G&G Oil Limited, Galaxy Oil Co Limited, Glee Oil Limited, Golden petroleum Limited, Havilah Oil Ghana Limited, Hosanna Oil Company Limited.
Humano Energy Limited, Jas Petroleum Limited, Karela Oil and Gas Limited, Kros Energy, Life Petroleum Company Limited, LilyGold Energy Resource limited, Maiga &HHM Company Limited, MBA Global petroleum limited, MM Energy Limited, Muna Energy, Nujenix Company Limited, Nuru Oil Company Limited.
Orient Energy Limited, Orient Energy limited, Oval Energy Company Limited, P&O Energy Company Limited, Perfect Petroleum Company Limited, Petra Energy Limited, Petro Afrique Ghana Limited, Petro XP Ghana Limited, Precious Energy Ghana Limited, Q8 (GH) Company Limited, Rich oil Company Limited.
Rodo Oil Limited, Royal Roses Company Limited, Safety Petroleum Company Limited, Santol Energy Limited, Sky Petroleum Limited, Spirits Petroleum Limited, Titan Petroleum Limited, Union Oil Ghana Limited, Universal Oil Company Limited, Warren Oil Company Limited, and Zoe Petroleum Limited.
Source: Fuseini

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