Liberia: New petroleum law

Issue 336 - 08 Dec 2016 | 2 minute read

Liberia has enacted the new Petroleum (Exploration and Production) Law, which requires competitive bidding for all petroleum contracts, and that all oil companies declare their true owners. The interim management team (IMT) of the National Oil Company of Liberia (Nocal) has welcomed the new law, describing it as “a milestone achievement for the country’s emerging oil & gas sector”.

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