Monrovia, Liberia — The National Oil Company of Liberia (NOCAL) has signed a Government-to-Government Memorandum of Understanding (MoU) with BOST Energies Limited, Ghana’s state-owned petroleum storage and transportation company. The agreement represents a major step toward strengthening bilateral energy cooperation and unlocking new economic and technical opportunities between the two West African nations.
Under the new partnership, NOCAL will draw on BOST’s extensive experience in petroleum storage, supply management, and fuel distribution. The collaboration will focus on developing national reserves, improving logistics and quality management, and providing technical support to ensure safety and operational efficiency.
Recently rebranded from its former identity as the Bulk Oil Storage and Transportation Company (BOST), BOST Energies Limited now plays a pivotal role in advancing Ghana’s energy-transition goals. The company oversees the country’s strategic fuel reserves, national pipeline network, and storage depots, maintaining Ghana’s energy security and efficient downstream operations.
Through the agreement, BOST Energies will provide training, compliance guidance, and technical assistance to NOCAL staff, helping to strengthen Liberia’s petroleum management capacity. The training components aim to prepare NOCAL personnel for downstream oil operations and to ensure adherence to international standards in petroleum importation and supply chain practices.
Officials say the MoU lays the foundation for broader commercial and technical collaborations between Liberia and Ghana, marking a key milestone in NOCAL’s government-to-government initiative. The deal is also part of NOCAL’s wider strategy to expand partnerships with other countries, including Morocco, Nigeria, and Ghana, as it works to enhance governance, promote knowledge exchange, and bolster regional energy stability.
These efforts are expected to enhance Liberia’s credibility in the energy sector, attract new investment opportunities, and support the country’s long-term goal of building a more efficient and self-reliant national oil and gas company.
