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.
The action is specifically targeted at some finished petroleum products (petrol), with dispute of not meeting industry specifications.
According to the NPA, it took the action last week after its own investigations realised that Sentuo Oil Refinery ended up selling petrol slightly higher than what was originally approved.
The reaction by the NPA follows allegations by two energy think tanks, Institute of Energy Security (IES) and Chamber of Petroleum Consumers (COPEC) that the authority had allowed Sentuo Oil Refinery to sell sub-standard fuel to some Oil Marketing Companies, resulting in serious damage to engine of vehicles
Speaking to Joy Business, the Head of Quality Control at the NPA, Ubeidalah Saeed explained that the products did not meet the required standard and specifications.
He explained that …