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Vol 57 No 4

Published 19th February 2016


Liberia

The Nocal diet

The state oil company could close as exploration stutters under the impact of the weak oil price and governance problems 

A recent round of bidding for four offshore oil blocks has ended disappointingly for all concerned. A clutch of local and international companies bid for them during a two-year process run by the National Oil Company of Liberia (Nocal), British-based Ernst and Young and Norway's TGS-Nopec Geophysical Company. Both local and foreign observers heavily criticised Nocal for incompetence and corruption. Nocal has long been a subject of controversy.

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