Sentences with phrase «oil transaction between»

The Chamber of Petroleum Consumers (COPEC), says it will by close of day today [Monday], petition the office of the Special Prosecutor to investigate allegations of a shady crude oil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Energy.

Not exact matches

Jackson expects between $ 12 billion and $ 14 billion in transactions to flow through the marketplace this year and is now branching into new industries, including consumer packaged goods, gas, and oil.

But that can be risky: because the vast majority of oil transactions are financial, rather than between producers and users, prices tend to be more volatile than the underlying fundamentals.

The transaction saw oil cargoes traded between China and Africa.

In a new twist to the ongoing controversy, Minority Spokesperson on Finance, Ato Forson, is asking the Ghana Revenue Authority (GRA) to go after the company and retrieve the unpaid taxes accruing from the transaction between the oil firm and the Bulk Oil Storage and Transportation Company Limited (BOSoil firm and the Bulk Oil Storage and Transportation Company Limited (BOSOil Storage and Transportation Company Limited (BOST).

The Minority had argued that the transaction between BOST and two unlicensed companies, Movenpiina and Zup Oil, which led to the distribution of about 5 million litres of contaminated fuel, was fraught with irregularities and possible corruption to the tune of 14.25 million cedis.

It is however praying the court to declare the transaction between BOST, Movepinaa and Zup Oil as «illegal, unlawful and in clear violation of Section 16 (2)(c) of the Public Procurement Act, 2003 (Act 663) as amended by the Public Procurement (Amendment) Act, 2016 (Act 914).»