Liberia: Liberia Putting 9 Oil Blocks up for Sale amid Concerns over Petroleum Law Breach

Jan 9, 2020 | Rodney Sieh, FrontPage Africa
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On January 7th 2020, World Oil published that in April, Liberia will offer nine (9) blocks in a new bid round. The press release stated that President of Liberia will make the formal announcement of the licensing date based on the recommendation of the “Authority” (LPRA) working in concert with NOCAL and TGS. The “Authority” is the Liberia Petroleum Regulatory Agency (LPRA). Created by the Exploration & Production Law of 2014 (ratified in 2016), many Liberians know very little about the Authority, who works for the Authority and that the Authority has all regulatory oversight of the sector and that the Authority is in charge of all of Liberia’s bid rounds.