On June 18, 2024, the Parliamentary Oversight Committee on Trade and Industry conducted an extensive inspection of several key petroleum terminals in Freetown. The facilities inspected included those operated by Aminata and Sons, Conex, Eco Energy, and National Petroleum (NP). This initiative was led by Honourable Veronica Kadie Sesay, the Chairperson of the committee.

 Purpose and Objectives

Honourable Sesay emphasized that the inspection was part of the committee's mandate from the House of Parliament. The goal was to ensure that Oil Marketing Companies (OMCs) adhered to regulations concerning the importation, distribution, transportation, and retailing of petroleum products. The committee aimed to foster a fair and competitive business environment among OMCs.

Key Discussions and Findings

During the inspections, Honourable Sesay reiterated Parliament's role as a significant decision-making body that oversees various investments in the country. She clarified that the committee's purpose was not to witch-hunt but to assist OMCs in streamlining their strategic objectives and ensuring they meet the expectations of the average Sierra Leonean.

“We are here to inspect the exceptional work and the expansion of additional storage facilities built by various OMCs. Our aim is to make formal reports to Parliament with recommendations and action points. We appeal to OMCs to maintain mutual and collaborative business synergies that will help improve the downstream petroleum sector, ensuring it becomes viable and competitive,” Honourable Sesay stated.

Engagement with OMCs

The Chief Executive Officer of Aminata and Sons, Mohamed Turay, welcomed the committee's visit to their Cline Town terminal. He expressed his gratitude for the support Aminata and Sons had received from the authorities since the construction of their facilities and the arrival of their first AGO vessel in Freetown. Turay assured the committee of their commitment to supporting the fuel industry in Sierra Leone, aiming to make it comparable to other industries in the sub-region.

Similarly, the CEO of National Petroleum (NP), Saidu Mansaray, highlighted the company’s achievements and future plans. He noted NP's position as the largest OMC in the country and their dedication to overcoming challenges in the sector. Mansaray emphasized NP's commitment to ending fuel scarcity and maintaining their reputation for consistent service delivery.

 Challenges Faced by OMCs

During the discussions, several challenges facing the OMCs were brought to light. These included issues related to foreign exchange (FOREX), poor road networks, and the presence of makeshift parallel fuel depots near terminals. CEO Mansaray appealed to the committee to address these concerns with the appropriate parliamentary authorities to facilitate better operations.

Conclusion

The inspection by the Parliamentary Oversight Committee on Trade and Industry marks a significant step towards enhancing the efficiency and competitiveness of Sierra Leone’s petroleum sector. The engagement highlighted the need for continued collaboration between the government and OMCs to address challenges and ensure the delivery of quality services to the people of Sierra Leone. The committee's findings and recommendations will be crucial in shaping future policies and strategies for the industry.