An agreement on the modernisation and expansion of Liberia Petroleum and Refining Company’s storage terminal has been reached.
The company and Israeli firm Lutech Engineering and Project Management Consultants have reached a $21 million deal for the project at the Petroleum Storage Terminal on Bushrod Island.
The project involves the construction of new petroleum storage tanks, installation of new jetty pipelines, installation of new loading gantry and the installation of a firefighting system.
Lutech plans to build a central control room, a new operations building and expand the loading gantry fitted for nine loading areas.
It will also demolish and rebuild six storage tanks and increase their capacity.
Local media reports Liberia Petroleum and Refining Company MD Sumo Kupee says that there has not been any structural repair work on the terminal for 30 years and that the work on the facility is a ‘national priority’.