Liberia: Oil Blocs Sale: Ellen Lobbies Legislature for Ratification

Oct 15, 2015 | Henry Karmo and Samwar S. Fallah, FrontPageAfrica
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Liberia has already sold off several offshore oil blocs to big international oil companies including ExxonMobil, Chevron, and others generating millions in signature bonuses and other benefits. But with oil prices now at a record low resulting to low interest in expansion by these oil companies, Liberia is looking to contract two more of its offshore oil blocs to an American company-Kosmos Energy.