Boakai Backs LPRC $50M Tank Farm Push to Secure Liberia’s Fuel Supply
BY: Rufus Divine Brooks Jr.
MONROVIA – President Joseph Nyuma Boakai has thrown his support behind the Liberia Petroleum Refining Company’s plan to build a new 50,000-metric-ton tank farm, calling it critical to expanding storage capacity and shoring up national energy security.
The President met Monday, June 22, 2026 with LPRC’s Board and Management at the Executive Mansion for a full review of the company’s 2025 annual results and first quarter 2026 performance.
Led by Board Chairman Aaron Weagar and Managing Director Amos Tweh, the LPRC team reported gains in operational efficiency, financial management, and infrastructure upgrades.
They also presented plans for the proposed tank farm project, which officials say will increase Liberia’s petroleum reserves, reduce supply disruptions, and support long-term economic growth.
Deputy MDs Jacob Smith, Administration, and Eric Sayee, Operations, along with Financial Comptroller Mr. Soko and board members, joined the briefing.
President Boakai commended LPRC’s leadership for emphasizing transparency and accountability.
He urged the team to sustain reforms that boost efficiency and public trust in the petroleum sector.
“The reliability of our fuel supply directly affects businesses, transport, and livelihoods,” Boakai said. “LPRC must remain a pillar of stability as we pursue our development agenda.”
The meeting is part of the Boakai administration’s ongoing oversight of state-owned enterprises to improve governance and align institutional targets with national priorities.