The Liberia Petroleum Refining Company (LPRC) is a public entity, wholly owned by the Government of Liberia (GOL), with the mandate to procure and supply quality petroleum and petroleum products to the Liberian market.
The LPRC is certainly a business entity engaged in profit making activities. It has every power which a corporation now or hereafter organized under the Liberian Business Corporation Act may have.
The idea of creating an oil company in Liberia was conceived when it became clear that the government was spending an enormous amount of its foreign earnings on the importation of petroleum and petroleum products into the country.
Therefore in the mid 1960s, construction work began for oil refining facilities under the auspices of the Liberia
