Liberia: Still No Oil for Liberia, but

Dec 8, 2014 | Garmonyou Wilson, The Inquirer
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With 17 oil blocks on the coast of Liberia, Nigerian, American, Chinese companies among others have leased more than 60%. Each block costs the company US$200 million to rigorously drill in order to test and identify the quality of the resource.

Fifty thousand barrels of oil were found off the coast of Rivercess County a small amount that did not pass international standards to be sold on the world market, therefore though the possibility is high that Liberia will one day join other oil producing countries as for now there is still no oil in Liberia.