Vice President Boakai Expresses Confidence in TOTAL

Friday, 23rd February 2007
Monrovia, Liberia - Liberiaís Vice President Joseph N. Boakai says he is confident that operations of the Paris based Petroleum giant TOTAL would help buttress efforts to restore confidence in the Liberian economy.

He said he was very much impressed with the activities of TOTAL in Africa, and has always looked forward to the company investing in Liberia.

Vice President Boakai made the remarks Friday when two visiting executives of the Paris based TOTAL Petroleum Company, accompanied by the managing director and deputy managing director of TOTAL Liberia, paid a courtesy call on him at his Sinkor office.

Dr. Boakai said the makeshift gasoline stations haphazardly constructed in Monrovia and other parts of the country were an eye sore, and do not tell well for the economy and security of the war torn country. He said he was gratified that TOTAL filling stations would be constructed throughout the country.

Vice President Boakai thanked the visiting TOTAL executives for the decision to forge a partnership with the Liberian government, and assured the Unity Party-led governmentís fullest protection and support in their business undertakings.

Speaking earlier, TOTAL Executive Vice President for West Africa, Jean-Dennis Royere disclosed that the company has embarked on the construction of about 20 filling stations in Liberia.

Mr. Royere said seven of the filling stations would be constructed in the city Monrovia, while the other 13 would be located outside of the city.

He said TOTALís desire to invest Liberia was a demonstration of its confidence in the conducive business climate and security of the country.

During their visit to Liberia, the TOTAL executives also held discussions with the Ministers of Commerce and Justice as well as the Managing Director of LPRC, and toured facilities of TOTAL Liberia..  

TOTAL, a merger of three petroleum companies-ELF, FINALE and TOTAL, is the fourth largest petroleum company in the world after Mobil, Shell and BP, and operates in 50 countries in the world. TOTAL took over the assets of Shell Petroleum which has wound up its operations in Liberia. According to Mr. Royere, the company hopes to invest about half a million dollars in the Liberian economy in the long term.