The Liberia Petroleum Refining Company (LPRC) has presented its Fourth Quarter Report to President Joseph Nyuma Boakai at the Executive Mansion, fulfilling its statutory quarterly reporting obligations.
The report detailed LPRC’s operational performance, financial position, key policy approvals, and major infrastructure achievements for the period, including progress on revenue generation, governance reforms, and capital projects intended to boost the company’s capacity and its contribution to the national economy.
Speaking after the presentation, LPRC Managing Director Hon. Amos B. Tweh described the engagement with the President as productive and forward-looking, noting that the Board of Directors and Executive Management Team provided a comprehensive update on activities, achievements, and end-of-year performance.
Tweh revealed that LPRC is now gearing up for what he called “a bold and very ambitious signature project” – the development of a new tank farm that will significantly expand Liberia’s petroleum storage capacity and strengthen national fuel security. He said President Boakai was “elated and impressed” with the vision and commended the Board and Management for their teamwork over a relatively short period.
The Managing Director also highlighted that major projects launched earlier have already been delivered or are near completion, including a 17,000 cubic meter gasoline storage tank and a state-of-the-art petroleum testing laboratory, both part of the infrastructure program that broke ground in August 2024. These facilities are expected to enhance LPRC’s storage capacity, improve quality control, stabilize the petroleum market, and increase government revenue.
Board Chairman Hon. Aaron Johnson Wheagar Sr. reaffirmed the Board’s commitment to strong corporate governance, institutional sustainability, and policy reforms that make LPRC a more viable state-owned enterprise. He emphasized that expansion, including the proposed new tank farm, remains a top priority for 2026, as it will enable the company to store more products, boost government income, and strengthen internal capacity through manpower development and performance management.
Reiterating its pledge to transparency and accountability, the LPRC leadership stressed that ongoing investments in storage infrastructure, modern testing facilities, and operational efficiency are aimed at delivering reliable petroleum services for the benefit of the Government and people of Liberia.
