PLANNING & PROJECTS REVIEW
The Liberia Petroleum Refining Company (LPRC) basic objectives as established by the 5-Year Strategic Plan is to restore pre-war capacity, meet statutory mandate, increase revenue and strengthen the position and image of the company.
One of the Strategic Focus Areas is the Technical / Operational Services of the Operations Division that is the lifeblood of the company. Its operations of 2014 are reported as follows:
PST Rehab & Expansion Project – Contractor: Motherwell Bridge Ltd.(MBL)
The following projects were completed by MBL:
Project Objective: Rehabilitating and expanding the Product Storage Terminal (PST)
Project Cost: 22.4 million
Payment Update: Dec.2013 – 11.0 million
Project Status: Project Terminated in November 2014
Reason for Termination: Notice of Force Majeure consistent with sub-clause 19.2 of the contract concerning the EVD surge in March 2014.
