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Vol 55 No 18

Published 12th September 2014


Liberia

Oil blocks and shocks

Questions are arising about irregularities in contracts and the state’s fitness to manage the hydrocarbons sector

As bidding opens on four offshore oil exploration blocks and President Ellen Johnson-Sirleaf signals that long-awaited petroleum legislation is imminent, the National Oil Company of Liberia again comes under unwelcome scrutiny. State-owned Nocal stands accused of poor accounting, internal corruption and failing to track down revenue from key partners.

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