Wednesday, April 13, 2011

Sahara Oil denies duping Ghana

Sahara oil has refuted allegations made against it by a section of the media that it used a fake company to transact an oil supply contract with the Tema Oil Refinery (TOR), swindling the state of funds running into millions of Ghana cedis.

According to media reports Sahara oil had duped TOR in a brass crude oil transaction worth 48 million dollars and had used a non-existent company, Refinee Petroplus, to execute its plan.

The reports alleged that Sahara oil had been paid 48 million dollars by TOR for 600 thousand barrels of brass river crude supplied by another entity and misrepresented Ms Yvette Foli as its representative in the transaction with TOR.

But Sahara oil has denied the allegations, describing them as false, scandalous and injurious to its business, and threatened legal action against the media houses in a three page press release copied to

The oil company which has been silent for a while now has said there had not been any malfeasance, ill intention or unprofessional conduct on its part or on the part of any of its associate companies in the contract for the supply of 600 thousand barrels of brass crude oil as alleged in various malicious publications.

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