Liberia: Expert Warns of 'Negative Consequences' as Pres. Boakai Awards 100 Percent Ownership of Four Oil Blocks to NOCAL without Legislative, Stakeholder Input

Jun 11, 2025 | Obediah Johnson
FrontPage Africa
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President Joseph Boakai's recent decision to award 100 percent ownership of four offshore oil blocks to the National Oil Company of Liberia (NOCAL) without first seeking input from the Legislature or key stakeholders is drawing sharp criticism from industry experts and economists, who warn that the move could undermine transparency and investor confidence in Liberia's fledgling petroleum sector.