Liberia: Global Witness Pleased with Liberia’s New Oil Law

Nov 29, 2016 | FrontPageAfrica
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Global Witness has welcomed Liberia’s new Petroleum Law, which marks a significant step towards the transparent management of the country’s oil sector, but warns that new regulations are also necessary to ensure that it is effective. The new law requires competitive bidding for all petroleum contracts, and for all oil companies to declare their true owners.