PRA Frequently Asked Questions

The Petroleum Regulatory Agency (PRA) is mandated by the PRA Act of 2014 to grant licenses and regulate various downstream activities in Sierra Leone's petroleum sector. Our primary focus is on ensuring professionalism, compliance, and transparency.

• Write a letter of intent addressed to the Executive Chairman, Petroleum Regulatory Agency, A.J Momoh Street 1st & 2nd Floor British Council, Tower Hill, Freetown.
  
  
• Depending on the business model, the Agency shall advise and give a time frame for licences to be granted.
  
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The PRA regulates a range of downstream activities, including importation, storage, transportation, retailing, refinery, jetty, and bunkering.

The PRA adheres to international standards outlined by organizations such as the World Petroleum Council (WPC) to ensure best practices in the petroleum industry.

Transparency is a core value for us. We achieve this through stringent regulatory frameworks, regular industry updates, and by fostering compliance with petroleum laws and tax commitments.

Absolutely. Sierra Leone is actively welcoming investors in the downstream sector. Explore the Investment Opportunities section for more information.

Yes, you can find downloadable forms, regulations, reports, and other essential documents in our Resources section.

Key criteria for compliance include adherence to licensing requirements, tax commitments, and compliance with industry regulations outlined by the PRA.

We ensure fair market space by implementing regulations that foster competition, transparency, and equal opportunities for all industry participants.

Yes, our team is available to assist with inquiries related to petroleum laws and regulations. Feel free to contact us for more information.