Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1393

Deal #1393 Version #53270

Liberia
Created at
2013-02-15
Last update
2017-07-24
Last full update
2023-06-27

Land area

Intended size
33 241 ha
Size under contract (leased or purchased area)
  • [2008, current] 33241.0 ha
Size in operation (production)
  • [2012] 1200.0 ha
  • [2014, current] 5600.0 ha
Comment on land area
Allocation 13,962ha, expansion area 10,117ha, outgrower allocation 10,117ha. Company states that the "Palm Bay estate is 13,007 hectares of land as part of the concession as well as expansion areas totalling 20,234 hectares of which 50% is set aside for outgrower programmes. So in total it is 33,241 ha." Data sources state that the community won the protest to prevent the company from expanding its plantations in May 2014. This includes the retreat of the company from community land. However, the company is still demarcating planting blocks on community land (June 2014), without the consent from the community and in violation of international human rights law. The company states that this is not true and an MOU was signed with communities as to where oil palm can be planted on the estate. There are claims that the company owns a total of 169000 hectares in Liberia (see also #3461 and #1395).

Intention of investment

Intention of investment
  • [current] Agriculture unspecified

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
50years total: 7 years rehabilitation, 43 years regular

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
Initial contract signed in 1965. The initial contract was signed with Liberian Operations Inc in 2007, however EPO acquired Liberian Operations Inc in January 2008.

Implementation status

Implementation status
  • [2012, current] In operation (production)
Comment on implementation status
Started by Getty Oil (Liberian Operations Inc) in 1968

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
US$1.00/yr/developed ha, US$0.50/yr/undeveloped ha during rehabilitiation term (7 yrs). US$2.00/yr/developed ha, US$1.00/yr/undeveloped ha during regular term (43 yrs) In the period 1 July 2010 - 30 June 2011 the company paid US$23,177 for surface rental (=US$0.65/ha)

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [current] 10117.0 ha