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Star Oil Ghana Limited has decided to rejoin the Chamber of Oil Marketing Companies (COMAC), but the company is pushing for reforms to the Chamber’s governance structure. The company announced its decision in a letter dated October 1, 2026, addressed to the COMAC CEO. Star Oil ceased its membership in January 2026, citing concerns about the Chamber’s representation of its members.
Following consultations with industry stakeholders and appeals from fellow COMAC members, the company has changed its stance. The return of Star Oil is driven by the need for a robust industry body to represent the collective interests of oil marketing companies and engage effectively with regulators, government, and other stakeholders.
Star Oil aims to push for changes in COMAC’s governance arrangements, particularly regarding the permanent board representation of three oil marketing companies, who are founding members. The company argues that permanent board membership based solely on historical status is not suitable for a modern industry association.
Over the years, the downstream petroleum industry has significantly evolved, with changes in the size, market share, investment, and contribution of individual oil marketing companies. Star Oil contends that COMAC’s governance structure should reflect the current industry composition, ensuring equal opportunity for all members to participate in the Chamber’s leadership.
The company also raised concerns about the concentration of influence among a few companies and the lack of consistent representation of some permanent board members at board meetings. This could weaken decision-making and limit the Chamber’s ability to respond promptly to important industry issues.
Star Oil proposes a transparent, democratic, and periodically renewable process for board representation, aiming to enhance participation, accountability, and commitment among members. Its return to COMAC is not just about resuming membership and board representation but also about working collectively to make the Chamber more representative, responsive, and effective.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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