DEVELOPMENT OF STRATEGIC PETROLEUM STORAGE FACILITY AND NETWORK OF MEGA-STATIONS IN LIBERIA - National Oil Company of Liberia

Company Description

Liberia relies entirely on imported petroleum products to meet its energy needs, yet its current storage capacity is limited to only 3-4 months of national supply, creating significant energy security and economic vulnerability. To address this and harness the nation’s strategic coastal position, the National Oil Company of Liberia , the state-owned commercial entity mandated to manage Liberia's petroleum sector , is proposing a transformative infrastructure program. This initiative aims to develop a major petroleum storage hub for regional security and a modern network of multi-service fuel stations nationwide. The goal is to position Liberia as a stable energy gateway for West Africa while ensuring reliable, affordable fuel and enhanced services for its own citizens and economy.

Countries of Operation

Liberia

Ownership of Company:

European: 50%

Local: 25%

Other: 25%

Number of years since incorporated

26

Project Pitch

DEVELOPMENT OF STRATEGIC PETROLEUM STORAGE FACILITY AND NETWORK OF MEGA-STATIONS IN LIBERIA: Liberia's energy supply is vulnerable. We will transform this by building a strategic petroleum storage hub at Buchanan Port, securing 8+ months of national reserve and serving landlocked West Africa. A nationwide network of digital mega-stations will ensure efficient, reliable fuel and service distribution domestically. Business Model: Revenue comes from two streams: 1) Storage Hub: Fees from leasing tank space, handling fuel, and serving international traders and regional neighbors. 2) Mega-Stations: Profits from fuel/LPG sales, plus rent and fees from co-located retail and government service kiosks. The project will be funded via a Public-Private Partnership (PPP), blending NOCAL's assets with private capital and expertise. Operations: A new subsidiary or JV will manage phased construction and tech-driven operations. The hub will operate as an open-access terminal for multiple clients. Mega-stations will feature digital payments and integrated services. Core principles include strict safety, collaboration with existing national entities, and maximizing local employment and training.

Team

Information not provided

Type of Project

Governmental/Institutional project

Stage

Established (mature)

Annual Revenue (in EUR)

5.000.000 - 10.000.000 EUR

Number of employees

51-100

Total Project Cost (in EUR)

188,000,000 EUR

Financing needs (in EUR)

118,000,000 EUR

Type of financing needed

Debt; Equity;

The Company is looking for:

Financing;

Planned allocation of fundraising capital

Greenfield (new activity for the company)