{"id":48032,"date":"2023-11-29T14:20:26","date_gmt":"2023-11-29T14:20:26","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-senate-approves-gboni-enterprises-investment-agreement-for-the-construction-of-petroleum-storage-terminal"},"modified":"2023-11-29T14:36:11","modified_gmt":"2023-11-29T14:36:11","slug":"liberia-senate-approves-gboni-enterprises-investment-agreement-for-the-construction-of-petroleum-storage-terminal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-senate-approves-gboni-enterprises-investment-agreement-for-the-construction-of-petroleum-storage-terminal","title":{"rendered":"Liberia: Senate Approves Gboni Enterprises Investment Agreement for the Construction of Petroleum Storage Terminal"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>The Liberian Senate have unanimously endorsed the investment incentive agreement between the Republic of Liberia and Gboni Enterprises Incorporated, marking a pivotal step towards the construction of a state-of-the-art petroleum storage terminal.<\/p>\n

The agreement, initially ratified by the House of Representatives in September following exhaustive reports from its Joint Committee on Investment & Concessions, Judiciary, and Ways, Means, Finance & Development Planning, paves the way for the establishment of a 25,000 MT ultra-modern petroleum storage facility. Gboni Enterprises Inc., a 100% Liberian-owned oil and gas importation and distribution company with over twelve years of successful operation in Liberia, is set to spearhead the ambitious project.<\/p>\n

<\/a>The accord, signed on April 21, 2023, aims to address the imminent shortage of petroleum products in Liberia. The Senate\u2019s approval, after a review of the instrument, underscores the perceived substantial benefits the investment holds for the nation.<\/p>\n

Senators on Capitol Hill anticipate that the venture will not only generate direct and indirect employment opportunities but will also serve as a catalyst for economic growth. With a total investment value of US$22 million, the project is poised to make a lasting positive impact on the Liberian economy, contributing to job creation and enhancing long-term energy security.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. The Liberian Senate have unanimously endorsed the investment incentive agreement between the Republic of Liberia and Gboni Enterprises Incorporated, marking a pivotal step towards the construction of a state-of-the-art petroleum storage terminal. The agreement, initially ratified by the House of Representatives in September following exhaustive reports from its Joint Committee on Investment […]<\/p>\n","protected":false},"author":84,"featured_media":48030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-48032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nLiberia: Senate Approves Gboni Enterprises Investment Agreement for the Construction of Petroleum Storage Terminal - Liberia<\/title>\n<meta name=\"description\" content=\"The Liberian Senate have unanimously endorsed the investment incentive agreement between the Republic of Liberia and Gbo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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