The Analyst (Monrovia)

Liberia: LPRC Paves Way For Kuwaiti Oil

10 December 2012

The Liberia Petroleum Refining Company (LPRC) has announced that it has entered into discussions with the Kuwait Petroleum Company (KPC) for the supply of petroleum products at concessionary price. These discussions are the result of a request made by President Ellen Johnson Sirleaf during her last visit to Kuwait. The request is for a special commercial arrangement between LPRC and KPC for the supply of petroleum products at discount price to enable LPRC bring relief in the form of fuel subsidy to the Liberia Electricity Corporation (LEC), National Transit Authority (NTA) and the JFK Hospital, among others.

According to LPRC release, the intention is to help these institutions reduce the high cost of fuel and pass on the savings by expanding services to larger segments of the population, including vulnerable sectors.  For example, it will assist LEC in expanding power access to low income families.  The NTA will pass on its savings by reduced fares to certain categories of customers including students, security personnel in uniform and the elderly.

As this is a special bilateral commercial arrangement, only the Ministry of Foreign Affairs and the Liberian Ambassador in Kuwait are assisting the Liberia Petroleum Refining Company (LPRC) in monitoring the progress of these discussions at this time.  On the Kuwaiti side, the Kuwaiti Ministry of Foreign Affairs is similarly assisting the Kuwait Petroleum Company, KPC.

On Friday, December 7, 2012, The Liberian Ambassador to Kuwait informed the senior management of LPRC that discussions with the Kuwaiti Authorities were encouraging and that he expects approval from the Kuwait Petroleum Company (KPC) soon.

  • Comment (1)

Copyright © 2012 The Analyst. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment

  • worldwfoster2000
    Dec 10 2012, 09:09
    Report Abuse

    The liberian Abassodor here in kuwait is too old or not healthy to work.The president should get someone with blood in their body and who care for the liberia peopele to work here not someone who is only waiting for payday.Iam a liberian I work here in kuwait this the worst liberian Abassador I hav ever seen.Kuwait is giveing many African countries business n help if your Ambassador is alive, but ours is dead.This sick man dosent even answer u went u go to his office with a problem or even say hi.Wat is the need of him bean here if he cant help a single liberia n he is livivng on our tax money.