Businesses operating on Konebada Petroleum Park warned to get documents ready

Individuals and businesses operating on Konebada Petroleum Park have been urged to prepare their land acquisition documents.

The Chairman of Konebada Petroleum Park Authority [KPPA] Martin Kombri said that it is necessary for documentation to be in order before the new board sanctioned investigation commence.

The park holds a land mass of 23 thousand hectares, but the newly appointed board is unaware of portions been sold and what's still available.

The chairman said all businesses in operation at the designated land must understand the core functions and reason for establishment of the park by the government . 

He says, "any activities not serving the interest and purpose of KPPA is considered illegal even if it was acquired as per sanctioned by the board."

"We will now ask the Lands Department to provide all the reports of how these lands were acquired," Mr. Kombri said.

He added that any land dealing approved by the Secretary for Department of Lands and Physical Planning must be sanctioned by the board.

"If it hasn't been sanctioned then those involved in acquiring the land under Konebada Petroleum Park Authority should now know that any dealings made is null and void by law and should be ready to remove their structures because the law is very clear," Mr. Kombri said.

Kombri further says they will also investigate KPPA's subsidiary Konebada Petroleum Holdings Limited.

"Konebada Petroleum Holdings Limited [KPHL] owns five non-conventional hydrocarbon development licenses containing approximately 282 trillion cubic feet of gas that is worth billions in US Dollors in the global energy market. KPHL also has two Oil and Gas Exploration Licenses of greenfield areas."