CST Petroleum Project Completion Set for December
The Conex Crude Storage Terminal (CST) project in collaboration with the Liberia Petroleum Refining Company (“LPRC”) is expected to be completed in December this year. The disclosure was made by authorities of the contracting company, Lutech, hired to do the construction work for this project which is located near the Bong Mine Pier on Bushrod Island.
Upon completion, the CST facility will be used to bring in Heavy Fuel Oil (HFO). The last time HFO was imported in the country was in 1990.
On Thursday, October 16, a delegation from the LPRC visited the CST to inspect the ongoing construction works at the terminal.
The delegation which included Managing Director T. Nelson Williams, II, Board Chairman Dr. Herman Brown, Board members, Rev. Emmanuel Bowier, George Kpawulu, Nowai Gorlowulu and Deputy Managing Director for Operations, Aaron J. Wheagar, I, had the opportunity to firstly see two separate power point presentations by Lutech and Conex management which showed the status of the project as it relates to current and ongoing work.
The visit by the LPRC delegation was concluded when they were taken on a guarded tour where they saw the completed generator building, fire water pump house near completion and works being done on six separate tanks that are being erected and the giant sized tank already rehabilitated and product pump house steel plates that are being worked on.
The project according to Lutech and Conex authorities is seventy percent complete and by December this year, the remaining thirty percent will be completed.
The Director of Lutech, Liberia, Krangar Diggs said “despite the rain and the current Ebola crisis, we are on track with our timeline and we will complete this project (CST) by December this year, 2014”.
The CST project when completed will lead to the supply of Heavy Fuel Oil in the country. This will reduce the cost of electricity since the Liberia Electricity Company (LEC) will reduce its cost by approximately 50%.
The CST project is quite a meaningful one that will improve the downstream petroleum sector.
It can be recalled that on Wednesday, November 13, 2013, the LPRC and Conex, a petroleum importer, held a one day stakeholder conference at the Mamba Point hotel where several personalities including those in national government, petroleum importers, mining sector, etc. had the opportunity to have an idea of plans for the supply of HFO in the country in 2014, through the Crude Storage Terminal on Bushrod Island. And true to this, the timeline seems to be on course with the CST project set to be completed in December this year.