The Board of Directors of ANP approved today (June 12) the launch of a public consultation and hearing on proposed changes to ANP Resolutions No. 937, 938, 941, 942, 943, 950, and 957, all dated October 5, 2023. The objective is to update the minimum paid-in share capital requirements.

These resolutions pertain to the following activities: Transporter-Retailer-Reseller (TRR); fuel distribution; LPG (cooking gas) distribution; solvent distribution; finished lubricating oil production; and the collection and re-refining of used or contaminated lubricating oil (OLUC).

Under current regulations, obtaining authorization to operate in certain ANP-regulated activities requires proof of a minimum paid-in share capital amount, demonstrated through a certificate issued by the relevant Board of Trade.

The paid-in share capital reflects a company’s financial health and its capacity to assume the risks associated with its business. These regulated activities involve the storage, transportation, and marketing of flammable and potentially highly polluting products that are nonetheless essential to the national economy.

The proposed monetary updates to the minimum share capital aim to restore proportionality in line with the original intent of the resolutions.

Additionally, the proposal includes an annual monetary adjustment to the minimum paid-in share capital going forward.