Buchanan, Grand Bassa County — The National Oil Company of Liberia (NOCAL) is gearing up for a significant investment in Buchanan City, Grand Bassa County, with plans to build a tank farm aimed at alleviating petroleum shortages in the county and its neighboring regions.
The announcement follows an extensive inventory assessment of NOCAL’s properties in Buchanan City, conducted under the directive of NOCAL’s CEO/President. Vice President for Operations, Rixck Barsigiah, led the team responsible for evaluating the company’s land, which is set to host this substantial investment.
In an interview with our reporters, Mr. Barsigiah highlighted the multifaceted benefits of the proposed tank farm. “The construction of this tank farm will not only address the perennial shortage of petroleum products but will also generate employment opportunities for the citizens of Grand Bassa County, thereby bolstering the local economy,” he stated.
The tank farm is expected to serve as a strategic reserve to ensure a stable supply of petroleum products, reducing dependency on imports and mitigating the impact of supply chain disruptions. This initiative aligns with NOCAL’s broader objective of enhancing Liberia’s energy infrastructure and ensuring energy security.
Local residents and officials have welcomed NOCAL’s plans, expressing optimism about the potential economic boost and job creation prospects. “This investment is a game-changer for our community,” said a local resident. “It promises to bring much-needed jobs and stimulate economic growth in Grand Bassa.”
The inventory assessment mission in Buchanan marks a critical step in the realization of this project, ensuring that NOCAL has a comprehensive understanding of its assets and the scope of the development. The project is still in its preliminary stages, with further details to be finalized in the coming months.
NOCAL’s initiative in Grand Bassa County represents a significant commitment to improving Liberia’s energy sector and underscores the company’s role in driving economic development through strategic investments.
As the project progresses, stakeholders in Buchanan and surrounding areas eagerly await the positive changes this tank farm is expected to bring, reinforcing NOCAL’s dedication to enhancing the welfare of Liberians and strengthening the nation’s economic foundations.