LPRC 5 Year Strategic Plan (2012 – 2016) outlined the visioning and plan for the future of the company. Its overall goal is to contribute to Liberia’s agenda for transformation with an output to provide support to the Government’s Medium Term Economic Growth and Development Strategy (MDG).
Its basic objective is to restore LPRC’s pre-war capacity so as to meet statutory mandate, increase revenue, reposition and strengthen the company’s image in the developing oil industry of Liberia. Furthermore, it will ensure our role as voting member of the African Refinery Association (ARA).
The plan has established, within its 2nd Year, a research, policy, project, and planning unit; improve LPRC’s work environment for staff efficiency, productivity, motivation and safety; and expand and improve the physical workspace and environment, rationalize the organizational structure, workforce and the incentive regime.
In the area of importation and refining, it will ensure the commencement of direct importation on the short term and the refining of crude oil on the long term for increased revenue throughout Liberia. The rehabilitation of the current plant facilities of the jetty lines and storage tanks and construct additional new tanks also form part of this plan.
The plan also ensures that LPRC prepares a sustained program of preventive maintenance of the plant facilities with the adoption of a business continuity plan (BCP) in case of natural or man-made disaster.
Finally, the establishment of a marketing and commercial service to include distribution and possible retailing markets for petroleum products form part of this plan as well.
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Focus Area
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The Plan
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2013/2014
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Status
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Importation & Refining
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Commence directed importation and refining of crude oil for increased revenue
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NIL
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Not Started
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Technical / Operational Services
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Rehabilitate current plant facilities of jetty lines, storage tanks and construct new ones
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Started
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Under- way
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Marketing & Commercial Services
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Establish a marketing / commercial function and implement a limited program of vertical integration.
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NIL
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Not Started
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Policy, Planning and Projects
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Establish a research policy, project and planning function as focal point in coordination of all projects of the Company
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Started
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Completed
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Administrative Services
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Expand and improve the physical workspace and environment, rationalize the organizational structure, workforce and incentive regime.
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Started
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Under -way
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Plant Maintenance
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Develop and install a sustained program of preventive maintenance of plant facilities
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Started
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Under -way
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