{"id":110224,"date":"2023-10-13T13:30:30","date_gmt":"2023-10-13T13:30:30","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/"},"modified":"2023-10-13T13:30:30","modified_gmt":"2023-10-13T13:30:30","slug":"npa-sanctions-seven-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/","title":{"rendered":"NPA Sanctions Seven Companies &#8211;"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Mustapha Hamid<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>The National Petroleum Authority (NPA) has sanctioned seven oil marketing companies in the country for their involvement in the illicit distribution of petroleum products that contravene the authority\u2019s regulations.<\/p>\n<p>Andev Co. Ltd, Beap Energy, BF Petroleum, Anasset Co. Limited, Cost Energy, Compass Oleum Limited, and Concord Oil Limited are the companies involved.<\/p>\n<p>Andev Company Limited has been sanctioned to pay a total fine of GH\u00a290,000.00, according to an official statement issued by the authority on October 12, 2023, of which GH\u00a210,000.00 is for violating the Unified Petroleum Pricing Fund (UPPF) Scheme and GH\u00a210,000.00 each for eight counts of making false UPPF representations to authorities.<\/p>\n<p>Beap Energy, on the other hand, was fined GH\u00a2 20,000.00, with GH\u00a210,000.00 for violating the UPPF laws and GH\u00a25,000.00 each for third-party supplies.<\/p>\n<p>Similarly, BF Petroleum was fined GH\u00a295,000.00 of which GH\u00a210,000.00 for violating UPPF\u00a0regulations,\u00a0GH\u00a25,000.00 for ten counts of third-party supplies, and GH\u00a25,000.00 each for seven counts of lifting petroleum products without crossing zonal authority.<\/p>\n<p>Anasset Company Limited was charged to pay a fine of GH\u00a250,000.00 which comprises GH\u00a210,000.00 for UPPF violation, GH\u00a210,000.00 each for four counts of making false UPPF representations to the authority.<\/p>\n<p>Cost Energy will also pay a total of GH\u00a2665,000.00 of which GH\u00a210,000.000 portion of the fine was for engaging in third-party supplies while GH\u00a25,000.00 was for each of the 131 counts of third-party supplies.<\/p>\n<p>Additionally, Compass\u00a0OleumLimited was fined a total of GH\u00a2350.000.00 of which GH\u00a210,000.00 was a portion for violating UPPF\u00a0regulations,\u00a0GH\u00a25,000.00 each for 15 counts of lifting petroleum products without cross-zonal authority, and GH\u00a25,000.00 each for 53 counts of engaging in third party supplies.<\/p>\n<p>The statement also instructed Concord Oil Limited to pay a fine of GH\u00a265,000.00 of which a portion of GH\u00a210,000.00, for violation of regulations, GH\u00a25,000.00 each for four counts of engaging in third-party supplies and GH\u00a25,000.00 each for seven counts of lifting petroleum products without cross zonal authorization.<\/p>\n<p>The NPA also warned the impacted companies that failure to comply with the penalty could result in a three-month suspension.<\/p>\n<p><strong>BY Prince Fiifi Yorke<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mustapha Hamid \u00a0 The National Petroleum Authority (NPA) has sanctioned seven oil marketing companies in the country for their involvement in the illicit distribution of petroleum products that contravene the authority\u2019s regulations. Andev Co. Ltd, Beap Energy, BF Petroleum, Anasset Co. Limited, Cost Energy, Compass Oleum Limited, and Concord Oil Limited are the companies involved. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":110225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-110224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NPA Sanctions Seven Companies - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NPA Sanctions Seven Companies - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Mustapha Hamid \u00a0 The National Petroleum Authority (NPA) has sanctioned seven oil marketing companies in the country for their involvement in the illicit distribution of petroleum products that contravene the authority\u2019s regulations. Andev Co. Ltd, Beap Energy, BF Petroleum, Anasset Co. Limited, Cost Energy, Compass Oleum Limited, and Concord Oil Limited are the companies involved. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T13:30:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"659\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/\",\"name\":\"NPA Sanctions Seven Companies - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg\",\"datePublished\":\"2023-10-13T13:30:30+00:00\",\"dateModified\":\"2023-10-13T13:30:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg\",\"width\":659,\"height\":427},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NPA Sanctions Seven Companies &#8211;\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NPA Sanctions Seven Companies - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/","og_locale":"en_US","og_type":"article","og_title":"NPA Sanctions Seven Companies - Ghanamma.com","og_description":"Mustapha Hamid \u00a0 The National Petroleum Authority (NPA) has sanctioned seven oil marketing companies in the country for their involvement in the illicit distribution of petroleum products that contravene the authority\u2019s regulations. Andev Co. Ltd, Beap Energy, BF Petroleum, Anasset Co. Limited, Cost Energy, Compass Oleum Limited, and Concord Oil Limited are the companies involved. [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/","og_site_name":"Ghanamma.com","article_published_time":"2023-10-13T13:30:30+00:00","og_image":[{"width":659,"height":427,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/","url":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/","name":"NPA Sanctions Seven Companies - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg","datePublished":"2023-10-13T13:30:30+00:00","dateModified":"2023-10-13T13:30:30+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/10\/mustapha-hamid-1.jpg","width":659,"height":427},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/10\/13\/npa-sanctions-seven-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"NPA Sanctions Seven Companies &#8211;"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/110224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=110224"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/110224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/110225"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=110224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=110224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=110224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}