LPRC, Petro Trade Enter US$3.4m Agreement For GOT

In a move to expand the constant supply of petroleum products on the national market, the Liberia Petroleum Refining Company (“LPRC”) has signed an agreement with Petro Trade/Sultan Steel for the rehabilitation and operation of the Ganta Oil Terminal (“GOT”) located in the City of Ganta, Nimba County.

According to LPRC Boss T. Nelson Williams the project for the construction of the Ganta Oil Terminal (GOT) is valued at US$3.4m and that the state-of-the-art facility will include an automatic loading gentry, environmental and fire- fighting system, a petroleum testing laboratory and a new pump house. He said It will be used to store Liberia’s national strategic oil reserve and provide petroleum products to customers in Nimba, Bong, Lofa, Grand Gedeh and River Gee Counties.

Addressing News Conference in Monrovia Mr. Williams said it is estimated that the facility when constructed will be capable of storing 800,000 gallons of petroleum products. He further noted that the 800,000 gallons will last for 14 months.

The LPRC Boss said the facility is expected to be dedicated in September, 2014 and will be the first petroleum storage terminal located outside Monrovia, which is in line with the Sirleaf- led government’s national decentralization program.

“LPRC and Petro Trade will employ Liberians during the construction and operation phase of the terminal. Individuals will be employed as operations personnel, security, technicians and administrative staff,” Mr. Williams said.

In addition, he said Liberian owned businesses will be used as sub-contractors and providers of other services such as legal, construction and transportation.

The Press Conference for the disclosure of the agreement brought together officials of the LPRC, and Petro-Trade.

The grand launching for this all important downstream petroleum decentralization initiative will take place on Saturday, May 18, 2013 in Ganta, Nimba County.