• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, August 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Bright Simons Challenges Prempeh Over Eni-Vitol Unitisation Saga

February 28, 2025
Lilian Ahedorby Lilian Ahedor
in General News
0
Prempeh centers Ghana's unitisation talks

Dr. Matthew Opoku Prempeh, former Energy Minister

Bright Simons, Vice President of IMANI Africa, has pushed back against claims by former Energy Minister Matthew Opoku Prempeh regarding Ghana’s controversial forced unitisation policy involving oil giants Eni-Vitol and Springfield. 

Simons argued that Prempeh played a central role in decisions that ultimately led to an international arbitration case, refuting the former minister’s attempts to distance himself from the debacle.

In a detailed response, Simons pointed out that “the former Minister is, unfortunately, harboring some misapprehensions about the timeline of events leading to the arbitration.” 

RelatedPosts

President Mahama Mourns Eight Lost in Helicopter Crash

Colombia and India Mourn Ghana’s Fallen Ministers

Journalism Devoid of Sensitivity Inflicts More Pain, Media Coverage of Grief Rebuked

He stressed that Prempeh had adopted his own interpretation of what constituted a directive, preventing him from acknowledging his full role in the failed policy.

According to Simons, while directives compelling the unitisation of the Eni-Vitol and Springfield oil blocks were initially issued in April, October, and November 2020 under Prempeh’s predecessor, they were later suspended in 2021. 

At that point, Prempeh had assumed office and was directly involved in shaping the next phase of the policy.

“As the Arbitral Tribunal noted, following these preliminary directives in 2020, a decision was made by the political authorities at the highest level in 2021 to suspend the preliminary directives. By this time, Mr. Prempeh was in office.”

Bright Simons
Bright Simons weighs in on Prempeh's role in the Eni-Vitol and Springfield Unitisation saga
Bright Simons, Vice-President of IMANI Africa

Simons explained that under Prempeh’s leadership, a fresh process was initiated, culminating in a Heads of Decision (HoD) that sought to impose new terms on both parties. 

This document, Simons argued, should be regarded as a substantive directive issued during Prempeh’s tenure. 

However, instead of crafting a balanced resolution, the new directive appeared to favor only Springfield, leaving Eni and Vitol without consideration, ultimately jeopardizing Ghana’s interests.

“It is this NEW substantive directive, crafted and implemented during Mr. Prempeh’s term of office, that triggered the decision by Eni and Vitol to finally resort to arbitration. The proverbial straw that broke the camel’s back.”

Bright Simons

Tribunal Findings Highlight Bias

Bright Simons further cited findings from the international arbitration tribunal, which indicated that Prempeh demonstrated clear hostility towards Eni and Vitol. 

“…at various meetings that took place between February and October 2021, the Minister of Energy displayed his personal hostility and bias against the Claimants [Eni and Vitol] by making repeated accusations and threats.”

Bright Simons

The tribunal noted that a critical meeting on July 21, 2021, between the disputing parties, the President of Ghana, and the Ministry of Energy resulted in an agreement to suspend the unitisation directives and legal proceedings. 

Ghana's unitisation moves
Eni, Springfield at the center of Ghana’s unitisation moves

However, just weeks later, Eni and Vitol wrote to the Ministry, protesting that the HoD issued by the Energy Ministry “did not reflect the discussions at the 21 July meeting.” 

The oil firms insisted that the agreement had been to suspend all previous directives and legal actions, but Prempeh allegedly pushed ahead with a version that ignored those terms.

“It is Mr. Prempeh’s insistence that Eni and Vitol comply with the terms of his one-sided HoD, contrary to the verbal agreements reached among the parties, which destroyed every last prospect of negotiation.”

Bright Simons

The IMANI Vice President was clear that Prempeh could not absolve himself of responsibility despite his attempts to reframe the issue. 

Ghana's unitisation moves
Eni-Vitol field

However, he acknowledged that Prempeh had the right to view his role from his own perspective.

Notwithstanding, Simons firmly argued that this personal interpretation does not absolve him of responsibility for the tensions that ultimately led Ghana into international arbitration, resulting in highly embarrassing consequences for the country.

“Still, next time, I will be more diligent in adding footnotes to any term I use in describing the role of the former Minister so as not to offend his definitional sensibilities.”

Bright Simons

With Ghana facing the fallout from the arbitration ruling, the debate over accountability continues. 

While Prempeh attempts to sidestep responsibility, Simons’ detailed breakdown—backed by tribunal records—suggests that the former Energy Minister played a much more significant role than he admits. 

As the dust settles, the larger question remains: how will Ghana navigate the repercussions of this failed policy?

READ ALSO: Israeli Army Releases Investigation Into October 7 Attack

Tags: Bright SimonsEnergy policyEni-VitolGhana ArbitrationMatthew Opoku PrempehUnitisation
Please login to join discussion
Previous Post

Aggressive Bulls Dominate GSE Despite NewGold ETF’s GHS10.22 Loss

Next Post

UN Calls for Greater Investment in Peacekeeping Police

[mc4wp_form id="1264"]

Related Posts

President John Dramani Mahama
General News

President Mahama Mourns Eight Lost in Helicopter Crash

August 7, 2025
Helicopter Crash Victims
Extractives/Energy

Ghana Chamber of Mines Mourns Tragic Helicopter Crash Victims 

August 7, 2025
AY Unveils Rebuilt Mansion Two Years After Fire Incident
Entertainment

AY Unveils Rebuilt Mansion Two Years After Fire Incident

August 7, 2025
Tyla Sued Over Global Hit Song “Water”
Entertainment

Tyla Embraces Music, Love and Identity

August 7, 2025
Dr. Edward Omane Boamah, Minister, Colombia, India, Ghana Mourns
General News

Colombia and India Mourn Ghana’s Fallen Ministers

August 7, 2025
Abdul Hayi Moomen
General News

Journalism Devoid of Sensitivity Inflicts More Pain, Media Coverage of Grief Rebuked

August 7, 2025
President John Dramani Mahama
General News

President Mahama Mourns Eight Lost in Helicopter Crash

by Evans Junior OwuAugust 7, 2025
Helicopter Crash Victims
Extractives/Energy

Ghana Chamber of Mines Mourns Tragic Helicopter Crash Victims 

by Prince AgyapongAugust 7, 2025
AY Unveils Rebuilt Mansion Two Years After Fire Incident
Entertainment

AY Unveils Rebuilt Mansion Two Years After Fire Incident

by Esther Korantemaa OffeiAugust 7, 2025
Tyla Sued Over Global Hit Song “Water”
Entertainment

Tyla Embraces Music, Love and Identity

by Esther Korantemaa OffeiAugust 7, 2025
Dr. Edward Omane Boamah, Minister, Colombia, India, Ghana Mourns
General News

Colombia and India Mourn Ghana’s Fallen Ministers

by Silas Kafui AssemAugust 7, 2025
Abdul Hayi Moomen
General News

Journalism Devoid of Sensitivity Inflicts More Pain, Media Coverage of Grief Rebuked

by Evans Junior OwuAugust 7, 2025
President John Dramani Mahama
Helicopter Crash Victims
AY Unveils Rebuilt Mansion Two Years After Fire Incident
Tyla Sued Over Global Hit Song “Water”
Dr. Edward Omane Boamah, Minister, Colombia, India, Ghana Mourns
Abdul Hayi Moomen
[/vc_row_inner]

Recent News

  • President Mahama Mourns Eight Lost in Helicopter Crash
  • Ghana Chamber of Mines Mourns Tragic Helicopter Crash Victims 
  • AY Unveils Rebuilt Mansion Two Years After Fire Incident
  • Tyla Embraces Music, Love and Identity
  • Colombia and India Mourn Ghana’s Fallen Ministers
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.