GVL Appreciates Host Communities

Monrovia –  Golden Veroleum Liberia (GVL) has lauded communities in its operational areas for the support and collaboration towards its investment.

The company says that while there are occasional challenges, as would be expected of an investment and operations of this scale, it appreciates the support it continued to enjoy from the communities and looks forward to a mutually beneficial working relationship in sustaining the operations. The company added that it is working with communities to ensure all MOUs are fully implemented in its developments and to continue to improve relationships with communities

GVL says despite the challenges faced by its operations, it remains committed to improving the well-being of communities and employees and plans to sustain its operations in Liberia. The company expressed optimism that factors that directly impact and/or undermine its operations would be addressed and mitigated with joint efforts from the government and the company in the new year. The Company expects increases in production and improvement in operational efficiency by applying agronomy best practices, for example.

GVL says it has experienced significant losses driven mainly by factors including the high cost of materials imported into the country and logistical challenges. The ailing economy and global price increases remains the most serious challenges to the company’s operations in Liberia.