GNPC-PetroSA deal

GNPC-PetroSA Deal: Freddie Blay Bows To Pressure, Ceases Pursuit Of Transaction
29 May

GNPC-PetroSA Deal: Freddie Blay Bows To Pressure, Ceases Pursuit Of Transaction

wontumionlineBusiness,
After what has seemed like pressure mounted on Freddie Blay, the Board Chairman of the Ghana National Petroleum Corporation (GNPC), he has indicated that he is no longer pursuing the offer of having PetroSA get an equal split in the interest held by GNPC’s subsidiary Jubilee Oil Holdings Ltd. According to a myjoyonline.com report, Freddie Blay said this decision was informed by the directive given by the Minister of Energy, Dr. Matthew Opoku Prempeh. “As I talk to you now, I have ceased and I have desisted in accordance and with directives of my supervising minister,” he said. The GNPC Board Chairman is also…
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I Have No Intention Selling GNPC Oil Stake To Petrosa – Freddie Blay Threatens To Sue CSOs
26 May

I Have No Intention Selling GNPC Oil Stake To Petrosa – Freddie Blay Threatens To Sue CSOs

wontumionlineNews, , ,
The allegations surrounding the supposed "surreptitious," "clandestine," and "scandalous" sale of the "so-called" Ghana National Petroleum (GNPC) shares are "unequivocally false", Board Chair Freddie Blay has said in an official statement. According to him, "there is no intention by GNPC or me, as its Chairman, to divest 7% shareholding in JOHL nor has there been any claim by PetroSA to acquire shareholding interests in JOHL". He said "such claims can only stem from an uninformed and malevolent mind". A few days ago, some 29 civil society organisations in the extractive industry said Mr Blay and the state oil company’s acting…
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GNPC-PetroSA Deal: I Will Not Resign! – Freddie Blay Replies CSOs
24 May

GNPC-PetroSA Deal: I Will Not Resign! – Freddie Blay Replies CSOs

wontumionlineBusiness, ,
Freddie Blay, Board Chairman of the Ghana National Petroleum Corporation (GNPC) has reacted to calls by a group of Civil Society Organizations (CSOs) calling for him to be immediately dismissed by president Nana Addo Dankwa Akufo-Addo. Blay, a former New Patriotic Party (NPP) chairman said in an interview with Citi FM said he would rather be fired by the appointing authority than to resign. He also confirmed having held talks with president Akufo-Addo over a May 16 stinging letter Minister of Energy, Matthew Opoku Prempeh wrote in respect of a planned sale of 50% shares of government's stake in an oil…
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