Recently the Liberia Petroleum and Refining Company (LPRC) and an Israeli firm, LUTECH Engineering and Project Management Consultants sealed a US$21 million deal for the modernization and expansion of the Petroleum Storage Terminal (PST) on Bushrod Island. LUTECH Engineering and Project Management Consultants would also demolish and reconstruct six old storage tanks with increased storage capacity. LPRC Managing Director Sumo Kupee said the rehabilitation of the Petroleum Storage Terminal is necessary because the current facility has outlived its usefulness. He has asked LPRC to proceed with the contract and requested the contracting firm to include local firm in the rehabilitation as required by the contract. The LPRC MD lauded the Board of Directors of LPRC and its technical staff for standing with management while the matter was in court.

Source: GNN Liberia January 22, 2017 14:03 UTC