Liberia: World Bank Rejects Liberia's Request to Single Source Petroleum Storage Tank

Monrovia, Aug. 19 -- A request from the Liberian government through the Liberia Electricity Corporation, requesting the banking institutions' views on the potential for a single source leasing out of the excess capacity of the storage tank at Bushrod Island, on a short-term basis to Aminata Petroleum, has been rejected by the global body because it would hurt the capacity of the LEC to deliver electricity.

Report by Rodney D. Sieh, [e-mail]

Even more complicated for the request, is what industry observers fear could put the Liberia Petroleum Refining Company (LPRC) at a disadvantage.

LPRC is the state-owned enterprise with the exclusive mandate to refine, store, distribute, and supply petroleum products to th...