The Liberia Petroleum Refining Company (LPRC) and Petro Trade/Sultan Steel, an importer and distributor of mixed gasoline, have signed a US$3.4mn deal that will aim to transform Ganta Oil Terminal into a state-of-the-art loading compound
The new contract is likely to be implemented within a 14-month period in Liberia’s Nimba County.
T Nelson Williams, LPRC’s managing director, said, “In a move to expand the constant supply of petroleum products on the national market, the LPRC has signed an agreement with Petro Trade/Sultan Steel for the rehabilitation of and operation of the Ganta petroleum oil depot located in Ganta.
“This state-of-the-art facility will include automated loading gentry, environmental and fire-fighting system, a petroleum testing laboratory and a new pump house.”
Williams added that the facility 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.