By: Amos Harris
Monrovia, Liberia – May 12, 2025 – The Liberia Petroleum Refining Company (LPRC) has marked a significant milestone by officially submitting its comprehensive first quarter report for 2025 to His Excellency, President Joseph Nyuma Boakai. This pivotal report, presented at a ceremony held at the LPRC headquarters, meticulously details the company’s operational performance, financial health, and strategic objectives for the year, underscoring LPRC’s unwavering commitment to transparency and accountability in its operations.
Managing Director Amos Tweh, in his address during the submission ceremony, emphasized the company’s dedicated efforts to enhance operational efficiency, streamline fuel distribution networks, and implement strategic investments aimed at stabilizing and bolstering Liberia’s vital energy sector. He highlighted key initiatives undertaken in the first quarter, including infrastructure upgrades, technological advancements, and capacity-building programs designed to optimize performance and ensure sustainable growth.
“Our commitment to innovation and modernization is paramount as we align our strategic goals with the government’s broader vision for economic growth and recovery,” stated Managing Director Tweh. “This report reflects our dedication to transparency and our resolve to contribute significantly to the nation’s development agenda.”
President Boakai, upon receiving the report, expressed his profound gratitude to the LPRC team for their unwavering dedication and commitment to supporting Liberia’s economic progress. He reiterated the importance of accountability as a fundamental pillar of democracy, aligning with his administration’s ARREST Agenda, which prioritizes inclusive governance, the rule of law, and the strengthening of state-owned enterprises.
“Accountability is not merely a procedural requirement; it is a cornerstone of good governance and a reflection of our commitment to the Liberian people,” President Boakai remarked. “The LPRC’s efforts in maintaining transparency and striving for excellence are commendable and crucial for our nation’s progress.”
The ceremony was attended by a broad spectrum of stakeholders, including key government officials, representatives from local and international partner organizations, and industry experts, underscoring the significance of this milestone for Liberia’s ongoing development efforts. The report’s submission is viewed as a critical benchmark in LPRC’s journey towards achieving its ambitious 2025 targets and contributing meaningfully to the nation’s recovery and development objectives.
The report also outlined specific key performance indicators (KPIs) achieved during the first quarter, including:
Increased fuel storage capacity: Detailing upgrades and expansions to ensure a more stable supply.
Enhanced distribution efficiency: Highlighting improvements in logistics and transportation to reduce delivery times.
Financial stability: Presenting a clear picture of revenue generation, expenditure, and investment strategies.
Compliance and regulatory adherence: Demonstrating adherence to national and international standards.
Looking ahead, LPRC reaffirmed its commitment to continuous improvement and innovation, positioning itself as a key driver in Liberia’s energy sector and a vital contributor to the nation’s economic resurgence.