oil making plant sold ona in liberia

                                               
                                               
                                               
                                               
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  • Are there any Liberian oil companies?
  • A few Liberian oil companies, including Srimex Oil & Gas, Conex Group, and Aminata & Sons, have their own storage facilities located in the compound of the LPRC, a petroleum product regulatory arm of government.‌
  • Which entity regulates oil in Liberia?
  • The Liberia Petroleum Regulatory Authority (LPRA) manages regulation and policy for oil in Liberia, while the National Oil Company of Liberia (NOCAL) oversees exploration, development, and production. Liberian law restricts NOCAL from acting as a chief negotiator for the government and requires competitive bidding for all petroleum contracts.‌
  • Does Liberia offer concessionary offshore oil blocks?
  • Liberia has offered concessionary offshore oil blocks for bidding and direct negotiation in recent years. Few companies have expressed serious interest, but this may be due to the discovery of offshore oil in neighboring Cote d’Ivoire.‌
  • Does Liberia have a functioning refinery?
  • Liberia does not have a functioning refinery. According to the Central Bank, all petroleum products are imported from abroad, and in 2020, imported petroleum products amounted to $161 million, representing 16 percent of total import payments.‌
  • Who owns fuel stations in Liberia?
  • Most fuel stations in Liberia are owned by Liberians. Some of these Liberian owners are in partnership with Lebanese-owned fuel importers and distributors.‌
  • What role does LPRA play in Liberia?
  • In Liberia, LPRA is responsible for granting three types of petroleum rights: reconnaissance licenses, petroleum agreements, and licenses for petroleum transportation systems. Should commercially viable oil deposits be discovered, the law anticipates the creation of a Ministry of Petroleum to oversee bidding. LPRA plays a key role in the exploration and development of Liberia’s petroleum industry. Liberia does not have a functioning refinery.