The National Petroleum Authority (NPA) has suspended the approval given to Chinese company, Sentuo Oil Refinery to sell some finished petroleum products on the market as a result of substandard quality.
The decision to suspend operations comes in response to appeals from the Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) to halt Sentuo Oil Refinery's activities due to purported illicit practices.
In their joint statement, COPEC and IES raised alarm over the refinery's operation without the requisite permit from the NPA, as well as allegations of supplying inferior fuel to the Ghanaian populace.
Highlighting the regulatory framework established by the NPA Act 2005, which mandates all entities involved in downstream sector commerce to obtain board approval prior to commencing operations, the statement emphasized that Sentuo Oil Refinery purportedly failed to obtain the necessary permits for oil processing and trading.
Despite ongoing discussions, Sentuo Oil Refinery remains under scrutiny for its compliance with regulatory standards and the quality of its fuel supply to consumers in Ghana.
