Liberian Operator Faces Backlash Over Complete Control of Oil Blocks
In a recent pivot of policy, President Joseph Boakai’s choice to transfer complete ownership of four oil blocks to the National Oil Company of Liberia (NOCAL) has ignited a firestorm of criticism from industry experts. The decision, made without consulting the National Legislature, raises significant concerns about transparency and could potentially diminish investor confidence in Liberia's oil sector.
This contentious move invites scrutiny. Critics question the implications of bypassing legislative input, suggesting that…