COMAC Seeks to Re-engage Star Oil Following Membership Suspension

The Chamber of Oil Marketing Companies (COMAC) is actively working to reopen dialogue with Star Oil Limited after the company suspended its membership due to concerns over COMAC's handling of the petroleum price floor debate. Dr. Riverson Oppong, CEO of COMAC, expressed disappointment over Star Oil's decision to withdraw instead of addressing its concerns within the organization. He emphasized the importance of maintaining relationships and fostering discussions even amidst differing opinions. COMAC's Board, under the leadership of its Chairman, is planning further discussions to encourage Star Oil to reconsider its suspension, which has sparked significant conversations within Ghana's downstream petroleum sector. Dr. Oppong reiterated that COMAC's stance is not to target Star Oil but to highlight potential risks in the industry, and he announced plans for a public statement to clarify the Chamber's commitment to fair competition and industry stability.