Liberia: Liberia's National Oil Company Denies Selling Oil Blocks

Aug 14, 2014 | All Africa
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The National Oil Company of Liberia (NOCAL) says oil blocks that are now out for international competitive bidding, are neither being sold nor auctioned contrary to media reports.

"To suggest that the blocks are being sold, presupposes that Liberia looses ownership. That is not the case," NOCAL said in a statement, adding "the Liberian State owns the oil under the seabed."