You are here: Home News Politics NOCAL Launches Draft Policy 4 August

NOCAL Launches Draft Policy 4 August

E-mail Print PDF
NOCAL Launches Draft Policy 4 August

Officials at the National Oil Company of Liberia or NOCAL have announced the launching of its much anticipated draft petroleum policy tomorrow at the Monrovia City Hall.

The ceremony, which kicks off around 9:30 am is expected to attract several stakeholders including senior government officials, as well as both local and foreign investors.

The draft policy has been developed, according to officials, to address some of the concerns raised during the ongoing debate which loudly call for a reform in the oil sector, a call NOCAL has accepted.

Among the thematic issues contained in the draft petroleum policy are resource ownership and maritime boundary, legal framework and institutional oversight (that is appropriate laws and regulations), state participation and fiscal regime, transparency and accountability.

Other key issues in the draft policy are revenue management and state-NOC financial and tax arrangement, licensing and contracting and local content.


Add comment

Security code



Thoughts, Politics & People

“The Legislature Is Independent”

Read More


The Orignal Letter To God

Lord, They Say will really kill us, oh

Read More


Business & Finance

Business Development Strategies

Read More

Opinions & Features

Lord, They Say will really kill us, oh: Lord, greed will imprison us all
Exclusive Interview: Pres. Johnson-Sirleaf Faces New Dawn
Feature Article: Economic Theory, Public Policy & Allocation of Scarce Resources: Case for MTC
Feature Article: Illicit Financial Flows from Africa: A Wake up call for Major Stakeholders
Feature Article: An Elder’s Commentary on Joint Council of Chiefs and Elders Meeting in Zwedru

Who's Online

We have 219 guests online