oil refining reclamation equipment in liberia

   
oil refining reclamation equipment in liberia
                                               
                                               
                                               
                                               
  • oil refining reclamation equipment 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.

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.

How many oil importers are there in Liberia?

Presently, there are nine registered importers who ensure that adequate petroleum products are on the Liberian market. They are: West Oil, Total-Liberia Ltd., Aminata & Sons, National Petroleum, Srimex Enterprise, Conex Petroleum, Petro Trade, Lib-Afric, and Monrovia Oil Trading Corporation (MOTC).

What does LPRA do 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. Liberia does not have a functioning refinery.