Libéria

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Libéria, The New Dawn, Inglês
2026-06-04 07:52:07
Vol.16 No. 88 THURSDAY, JUNE 04, 2026Download The post Vol.16 No. 88 THURSDAY, JUNE 04, 2026 appeared first on Liberia news The New Dawn Liberia, premier resource for latest news. Source link
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Libéria, The New Dawn, Inglês
2026-06-04 01:00:27
By Lincoln G. Peters  Capitol Hill, Monrovia, June 3, 2026: A fierce power struggle is brewing in Liberia’s oil sector, with the National Oil Company of Liberia (NOCAL) and the Liberia Petroleum Regulatory Authority (LPRA) locked in a bitter dispute over controversial oil block dealings involving GeoPartners and Searcher. At the center of the storm is a high-stakes jurisdictional battle between the regulator, LPRA, and the state oil company, NOCAL, over who truly controls key decisions in Liberia’s petroleum sector. Sources claim NOCAL is asserting authority to negotiate oil blocks directly with potential investors, a move critics say encroaches on powers legally reserved for the LPRA. The standoff has now exploded onto the Senate floor, prompting Gbarpolu County Senator Amara M. Konneh and River Gee County Senator Jonathan Boye Charles Sogbie to formally seek legislative intervention over what they describe as a dangerous conflict in the regulation and implementation of...
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