Equatorial Guinea fines TotalEnergies and Tradex 1.5 billion CFA francs
By the AFREEQUE newsroom, based on Radiomacuto
Equatorial Guinean authorities have fined TotalEnergies and Tradex 1.5 billion CFA francs after a new petrol shortage in Malabo. The two distributors blame the difficulties on transfers blocked at the Bank of Central African States, while 29,000 tonnes of fuel are expected from 21 to 23 October, Radiomacuto reports, citing Cameroonian media.
The Equatorial Guinean subsidiaries of TotalEnergies and Tradex will have to pay a total of 1.5 billion CFA francs in fines after a new petrol shortage, the second in four months, Radiomacuto reports. TotalEnergies Guinea Ecuatorial was fined 1 billion CFA francs, while Tradex Guinea Ecuatorial will have to pay 500 million.
The penalties were announced on 15 October at a meeting with officials from Gepetrol Servicios, TotalEnergies and Tradex. The distributors blame supply delays on payments blocked at the central bank, according to Radiomacuto. Tradex Guinea Ecuatorial is a subsidiary of the Société nationale des hydrocarbures (SNH), Cameroon’s state-owned oil company.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
