Liberia: How Eco Fuel Fraud Caught Up With Them
Liberia: How Eco Fuel Fraud Caught Up With Them
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MONROVIA – When Eco Fuel FZE entered into a joint venture agreement with SRIMEX Oil and Gas Company, the agreement was that both companies will own a parent company to be registered in the United Arab Emirates, Srimex Eco Fuel on a 50-50 shareholder basis.
Pursuant to that understanding, Srimex was first responsible to make available the land for the construction of the fuel storage terminal, the registration of three subsidiaries, the acquiring of importation license, among others.
SRIMEX acquired a 2.03 acre of land from the National Port Authority as the first step to the registration of the parent company in Dhabi.