The report of the Audit Bureau and Anti-Corruption Authority explained that the distribution of responsibilities between the National Oil Corporation and Brega Company reveals, through an executive analysis of the allocation of responsibilities between them, conflicts in authority and a lack of clarity in the distribution of tasks. The National Oil Corporation effectively undertakes the contracting process for the purchase of petroleum products from foreign and domestic sources in accordance with the allocated financial appropriations.
The report continued: As for Brega Company, it controls the determination of the required quantities and their distribution to storage depots, and manages fuel depots as well as unloading and receiving facilities. The analysis shows the existence of several serious gaps in this distribution, including duplication, whereby similar responsibilities exist between the two entities without a clear definition of the limits of authority, and the neglect of periodic maintenance of measuring devices, leading to a loss of measurement accuracy.
The report added that the lack of transparency in inventory management and operational data translates into enormous financial and operational waste. This section presents a comprehensive analysis of the official data issued by Brega Petroleum Marketing Company, with the aim of revealing the operational and financial gaps that hinder the conduct of these operations.
The report pointed out that the opening and closing inventory balances for 2024 show that, according to data issued by the Materials and Inventory Department of Brega Company, petroleum product inventories experienced noticeable fluctuations during 2024, with varying percentages depending on the product and geographical region.
A reconciliation was conducted for the closing inventory balances based on data from the Information Technology Department and the Materials Department of the Financial Administration for the Western and Southern Regions against the physical inventory count records (1). These data include the closing inventory quantities for the Eastern and Central Regions, due to the company’s refusal to provide the committee with the required data.
