The Liberia Petroleum Refining Company (LPRC) has certificated two Liberian petroleum importers, Srimex Enterprise and Aminata & Sons Incorporated, for being outstanding and the ‘higher’ petroleum importers in the country in 2014.
The Liberian petroleum importers came after that of the French multinational integrated oil and gas company, Total (Liberia), which was also listed as the highest importer of petroleum in the country.
Srimex Enterprise is owned and managed by H. Musa Bility, while Aminata & Sons Incorporated is headed by Siaka Turay.
LPRC honored the three petroleum importers on last Friday night at its Annual Retirement Program for 16 employees held at the Paynesville City Hall.
Speaking on behalf of the two Liberian importers, Mr. Bility hailed President Ellen Johnson-Sirleaf for the management of LPRC, which is being led by Mr. T. Nelson Williams, II. He also thanked Mr. Williams for his vibrant leadership.
“In a special way, we also want to thank Mr. Aaron Wheagar, the outgoing and retired Deputy Managing Director for Operations for his encouragement and ensuring that we always got our products,” Mr. Bility stated.
16 Employees Retired
During the certification program, LPRC also retired 16 employees, who have worked for decades with the company, and have reached the retirement age of 60 years.
Those retired were: Mr. Aaron Wheagar, Joseph Dennis, Borbor Playe, Katherine Lavall, Alex Allis, Saah Kamada, Cyrus Cooper, John Hubbart and Yaba Dennis.
Others included James Bracewell, Francis Moulton Clarke, Emmanuel Kraku, Bruce Miller, Varney Tarweh, David B. Garnoe and Margret Worjloh.
Speaking at the retirement program, LPRC Managing Director T. Nelson Williams, II praised the retirees and said they would be missed for the “selfless services they rendered over the years.”
Mr. Williams most particularly praised the outgoing Deputy Managing Director for Operations, Mr. Aaron Wheagar, for being the most loyal and dedicated deputy he has ever worked with for the over 27 years of being in management.
Mr. Nelson said in the midst of the outbreak of the deadly Ebola Virus Disease (EVD), there was no shortage of petroleum products on the Liberian market. He also stated that his entity, working along with the Ministry of Commerce and Industry, relatively reduced the prices of the products and LPRC was able to generate US$6.1 million as net profit in 2014.
The LPRC M.D. further disclosed that the company deposited into the government’s coffers US$4 million in dividends and US$1.8 million in corporate taxes, totaling to US$5.8m paid into the Liberian Government account in 2014.
He stated that massive progress has been made in the construction and expansion of the Crude Storage Terminal (CST) at the Freeport of Monrovia, indicating that the CST will be operational by June 2015. For the first time in 24 years, he declared, Liberia will resume importation of heavy fuel oil in the country.
Four petroleum tanks were erected at the Product Storage Terminal (PST), which pipeline will be connected by March 2015 and the tanks made operational by April 2015 to increase LPRC’s storage capacity by 28 percent. This will generate more revenues for the government.
Vice President Joseph N. Boakai
The Vice President, in a brief statement, thanked the T. Nelson Williams management for the continuous availability of petroleum in the country.
Before certificating the retirees, Mr. Boakai stated that for what he has heard about the employees, it is undoubtedly the truth that those retired have played meaningful and exemplary roles in their various departments where they worked. They have contributed considerably to the great strides that LPRC has made and is making.
Citing Mr. Wheagar as a special reference, the Vice President further said that the company will always remember the retired employees because they have worked selflessly and tirelessly.