GVL Expresses Committed to Liberia and the Oil Palm sector

GVL-LogoGolden Veroleum (Liberia) says it is committed to Liberia and expressed hope of staying in Liberia for a long period of term.

A GVL statement issued in Monrovia further said the current global market environment which is at a low price point in the commodity cycle and Liberia itself today presents a challenging environment of comparatively high costs, uncertainties, and slow development of infrastructure and important regulations.

Currently, GVL appears be the largest oil palm company and the only agriculture investor actively expanding in Liberia.

The company has around 3,800 Liberian workers and management in Sinoe and Grand Kru, and operates in compliance with its concession agreement, legislation, Liberian and international regulations and community agreements.

GVL expects to start palm oil production this year and continues to expand oil palm cultivation with communities. In a new phase, GVL looks forward to new Government regulation on out-grower and smallholder oil palm, in order to expand community partnerships, the GVL Liberia statement released noted.

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About Cholo Brooks 17225 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.