According to the NPA, it will take legal action against the firms, whiles “it conducts further investigation to determine the actual quantity and quality of the products received at the facility of Zup Oil.”“Additionally, the NPA has noted that, Movenpinaa Energy and Zup Oil are not licensed to undertake any commercial activity in the downstream petroleum industry. Their activities therefore infringes on section 11 of the National Petroleum Authority Act, ACT 691, 2005.
“Accordingly, the NPA will take appropriate legal action against the said companies” the NPA’s statement said.
“Officials from the NPA visited the location (Zup Oil) at Gulf-City, Tema on 27th June, 2017. Documentation presented to the officials suggested that all the ten BVRs were offloaded at the facility. However, this is subject to confirmation. In this regard, the NPA is conducting further investigation to determine the actual quantity and quality of the products received at the facility of Zup Oil. Meanwhile samples of the product from the tanks have been taken for analysis and the tanks sealed to prevent tampering,” the statement said.
