{"id":112297,"date":"2026-01-23T04:31:00","date_gmt":"2026-01-23T04:31:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=112297"},"modified":"2026-01-23T04:31:00","modified_gmt":"2026-01-23T04:31:00","slug":"comac-sets-up-team-to-engage-star-oil-after-suspension","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=112297","title":{"rendered":"COMAC sets up team to engage Star Oil after suspension"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 51 Second <\/div>\n\n <\/div>
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The Chamber of Oil Marketing Companies (COMAC) has set up a small team to engage Star Oil following the company\u2019s decision to suspend its membership.<\/p>\n

Chairman of COMAC, Gabriel Kumi, disclosed this on Joy News\u2019 PM Express, Business Edition on Thursday.<\/p>\n

\u201cAnd immediately 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

Mr Kumi rejected claims that the Chamber\u2019s emergency meeting was triggered by Star Oil\u2019s exit.<\/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

He said the meeting had been scheduled days earlier. \u201cStar pulled out on Wednesday, and we had planned this emergency meeting since Monday,\u201d he said.<\/p>\n

According to him, the timing changed only because COMAC wanted full attendance.<\/p>\n

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

He said Wednesday was also not workable. \u201cSo we pushed it to Thursday morning,\u201d he said.<\/p>\n

Mr Kumi said the meeting was planned because competition in the sector had become unhealthy.<\/p>\n

\u201cWe saw that the competition was getting a bit nasty, so we wanted to meet the two of them,\u201d he said.<\/p>\n

He noted that both Star Oil and GOIL sit on the COMAC board. <\/p>\n

He said tensions later escalated beyond competition. \u201cThe personal attacks got a little bit intensified, and Star reacted by suspending itself,\u201d he said.<\/p>\n

Mr Kumi described Thursday\u2019s engagement as difficult. <\/p>\n

He said the Chamber maintained its policy position. \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 said outreach to Star Oil began immediately after.<\/p>\n

Star Oil announced an indefinite suspension of its COMAC membership earlier this week, citing concerns over how the Chamber has handled the debate on the petroleum price floor. <\/p>\n

The policy has divided oil marketing companies and heightened tensions in the downstream petroleum sector.<\/p>\n<\/div>\n

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