MONROVIA – Liberia Petroleum Regulatory Authority (LPRA) Director General-designate, Madam Marilyn Logan, has vowed to rebrand and make the institution viably policy driven when confirmed to the position.
By Selma Lomax, [email protected]
The Liberia Petroleum Regulatory Authority is an independent regulatory government entity responsible to conduct technical evaluation of the areas of petroleum operations and administer petroleum rights.
Among other functions, the Liberia Petroleum Regulatory Authority is principally authorized to conduct technical evaluation of the areas to be opened up for petroleum operations, supervise and manage bid rounds and all other associated processes, enter into petroleum agreements and monitor petroleum operations, supervise petroleum data storage, and assist the Liberia Petroleum Refinery Company (LPRC).
LPRA is responsible for granting three types of petroleum rights, which include reconnaissance licenses, petroleum agreements, and licenses for petroleum transportation systems.
Speaking during her confirmation hearing on Wednesday, March 20, 2024 up Capitol Hill, Madam Logan assured Senators and the Liberian people that she intends to open up the LPRA to the public and will ensure that the oil and gas sector is revitalized and attractive.
The LPRA Director General designate also noted that the institution will maintain its credibility and independence under her watch in order to maintain public trust and confidence.
She convinced Senators during the hearing that she possesses the necessary qualification and experience to revamp and rebrand the oil and gas sector of the country in a way that will assist that Liberia Petroleum Refinery Company in the execution of its functions.
Madam Logan also promised to restructure and ensure adherence to the petroleum laws of the country when confirmed to occupy the position.
“If confirmed by this honorable body, part of our goals will be to maximize public-private sector engagement geared to strengthen the oil and gas sector and not only to merely attract investors,” she explained.
“We will ensure that oil and gas companies working in the bailiwick of Liberia work in the interest of Liberians and comply with agreements put on paper, ” she added.
The LPRA Director General designate also disclosed plans to incorporate Liberians with expertise in the oil and gas sector to help in revamping the institution in a way that will attract interests and trust.