{"id":112296,"date":"2026-01-23T04:05:00","date_gmt":"2026-01-23T04:05:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=112296"},"modified":"2026-01-23T04:05:00","modified_gmt":"2026-01-23T04:05:00","slug":"emergency-comac-meeting-not-triggered-by-star-oil-exit-chairman-clarifies","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=112296","title":{"rendered":"Emergency COMAC meeting not triggered by Star Oil exit \u2013 Chairman clarifies"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 53 Second <\/div>\n\n <\/div>
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The Chairman of the Chamber of Oil Marketing Companies (COMAC) says the emergency board meeting held on Thursday was not called because of Star Oil\u2019s decision to suspend its membership.<\/p>\n

Speaking on Joy News\u2019 PM Express, Business Edition on Thursday, Gabriel Kumi said reports linking the meeting directly to Star Oil\u2019s exit were inaccurate.<\/p>\n

\u201cLet me correct this. The emergency meeting we had on Thursday was not a result of the fact that Star Oil has been suspended,\u201d he said.<\/p>\n

Star Oil announced its suspension from COMAC on Wednesday, citing concerns over how the Association has handled the ongoing debate on the petroleum price floor. <\/p>\n

The move heightened tensions within the downstream petroleum sector and sparked speculation that the Chamber had convened the meeting in response.<\/p>\n

Mr Kumi said planning for the meeting began days earlier. \u201cStar pulled out on Wednesday, and we had planned this emergency meeting since Monday,\u201d he said.<\/p>\n

He explained that scheduling challenges delayed the meeting, not Star Oil\u2019s actions.<\/p>\n

\u201cWe wanted this meeting to have a full house,\u201d he said. \u201cSome of our members were suggesting we had the meeting on Monday or Tuesday, but some of us had travelled out of town.\u201d<\/p>\n

He said efforts to hold the meeting earlier did not work. \u201cWe checked on Wednesday. It wasn\u2019t working properly, so we pushed it to Thursday morning,\u201d he said.<\/p>\n

Mr Kumi said media reports misrepresented the purpose of the meeting.<\/p>\n

\u201cI\u2019ve seen certain publications in the media that this meeting was a result of the fact that Star had pulled out. It was not that,\u201d he said.<\/p>\n

He stressed that the meeting was not convened to force Star Oil back into the Chamber. \u201cIt was not that we were going to call the meeting to bring Star in,\u201d he said.<\/p>\n

According to him, the real trigger was growing tension within the industry. \u201cThat meeting had been planned because we saw that the competition was getting a bit nasty,\u201d he said.<\/p>\n

He said COMAC wanted to intervene before the situation escalated further. \u201cWe wanted to meet the two of them,\u201d he said.<\/p>\n

Mr Kumi noted that both GOIL and Star Oil sit on the COMAC board, making engagement easier.<\/p>\n

\u201cFortunately for us, both GOIL and Star are members of the board, so it was quite easy for us to bring the board together and trash that issue out,\u201d he said.<\/p>\n

He said tensions later escalated beyond commercial rivalry. \u201cAlong the line, I think the personal attacks got a little bit intensified, and Star reacted by suspending itself,\u201d he said.<\/p>\n

As a result, the Chamber proceeded with the meeting as planned.<\/p>\n

\u201cSo we had to have the meeting this morning,\u201d he said. Mr Kumi described the meeting as difficult.<\/p>\n

\u201cAnd I must say, it was quite a tough meeting,\u201d he said. He said the Chamber emerged with a clear position.<\/p>\n

\u201cAt the end of the day, we resolved that the position of the Chamber, which is to support the price floor, should be maintained,\u201d he said.<\/p>\n

He added that efforts are already underway to engage Star Oil. \u201cWe make overtures to bring Star Oil back,\u201d he said.<\/p>\n

He said a small team has been tasked with the engagement.<\/p>\n

\u201cImmediately, we put a team together to try and engage Star Oil,\u201d he said. \u201cNot a committee, but just a few of us who have been tasked to engage Star Oil and get him back to the Chamber.\u201d<\/p>\n<\/div>\n

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\"EmergencyThe Chairman of the Chamber of Oil Marketing Companies (COMAC) says the emergency board meeting held on Thursday was not called because of Star Oil\u2019s decision to suspend its membership.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5316,158,1883,10,9,2327],"tags":[],"class_list":["post-112296","post","type-post","status-publish","format-standard","hentry","category-comac","category-energy","category-national","category-politics","category-popular","category-star-oil"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112296"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112296\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}