cold press oil refinery plant wholesale in liberia

   
cold press oil refinery plant wholesale in liberia
                                               
                                               
                                               
                                               
  • cold press oil refinery plant wholesale in liberia
Does Liberia have a refinery?

Liberia does not have a functioning refinery. All petroleum products are imported from abroad. According to the Central Bank, imported petroleum products ¨C fuel, minerals, and lubricants ¨C amounted to $161 million in 2020, representing 16 percent of total import payments.

Are there any oil companies in Liberia?

A few Liberian-owned petroleum companies, including Srimex Oil & Gas, Conex Group, and Aminata & Sons who are also importers and/or distributors have their own storage facilities located in the compound of the LPRC, a petroleum product regulatory arm of government.

Where is Conex sourcing crude oil?

In parallel, Conex has completed construction of its 10,000 barrels per day (bpd) refinery in Liberia¡¯s capital Monrovia. The facility was fabricated in Houston by VFuels Oil and Gas Engineering before being shipped and assembled in Liberia. The company is currently sourcing crude oil feedstock before starting up commercial operations.

Who regulates oil in Liberia?

The National Oil Company of Liberia (NOCAL) oversees petroleum exploration, development, and production and the Liberia Petroleum Regulatory Authority (LPRA), manages regulation and policy. Liberian law restricts NOCAL from acting as a chief negotiator for the government and requires competitive bidding for all petroleum contracts.