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Check out the 44 defaulting oil firms staring down GH₵60m BOST debt

Source The Ghana Report

A total of 44 Oil Marketing Companies (OMCs) have failed to pay their levies to the Bulk Energy Storage and Transportation Limited (BEST), formerly BOST.

These companies were required to collect the BOST margin from petroleum sales and send it to the National Petroleum Authority (NPA), which would then be forwarded to BOST.

However, they collected the levies and margins but never transferred the funds, disappearing with nearly GH₵60 million.

The companies involved in the default include:

  • Best Petroleum Limited: GH₵114,480
  • Black Rock Energy Limited: GH₵802,444
  • Bisvel Petroleum Services: GH₵293,040
  • Capstone: GH₵1,565,661
  • Cigo Energy Limited: GH₵1,235,740
  • Champion Oil Co.: GH₵838,165
  • Deep Petroleum Limited: GH₵100,720
  • Deliman: GH₵225,610
  • Galaxy Energy: GH₵196,830
  • Gulf Energy: GH₵10,190,045
  • G&G: GH₵856,166
  • Golden Petroleum Limited: GH₵246,375
  • Hossana Oil: GH₵286,265
  • Humano: GH₵901,137
  • Havilah Oil Ghana Ltd: GH₵523,950
  • Jas Petroleum Limited: GH₵2,356,290
  • Karela Oil and Gas Limited: GH₵2,660,583
  • Kros Energy Limited: GH₵525,908
  • L. Link Petroleum Co. Limited: GH₵40,225
  • Life Petroleum Company Ltd: GH₵33,150
  • Lilygold Energy Resources Ltd: GH₵761,995
  • Mba Global Petroleum Limited: GH₵220,725
  • Moari Oil Company Limited: GH₵968,895
  • Naddif Company Limited: GH₵1,528,409
  • Nujenix Company Limited: GH₵163,460
  • Nuru Oil Company Limited: GH₵175,087
  • Oval Energy Company Limited: GH₵6,593,673
  • P&O Energy Company Limited: GH₵383,724
  • Petro Afrique Ghana Ltd: GH₵22,355
  • Petra Energy: GH₵301,984
  • Perfect Petroleum Co. Limited: GH₵680,635
  • Precious Oil: GH₵436,182
  • Q8 Oil: GH₵2,092,299
  • Rigworld Petroleum Services Limited: GH₵2,565
  • Rodo Oil Limited: GH₵2,168,784
  • Rich Oil Company Limited: GH₵237,657
  • Royal Roses: GH₵1,215
  • Sawiz: GH₵180,166
  • Santol Oil: GH₵2,965,795
  • Safety Petroleum Limited: GH₵4,926,410
  • Sephem Oil Company Limited: GH₵6,075
  • Titan Petroleum Limited: GH₵1,140,150
  • Union Oil: GH₵41,175
  • Zoe Petroleum: GH₵9,532,928
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