Pres. Boakai grants full ownership of strategic oil blocks to NOCAL - Liberia news The New Dawn Liberia, premier resource for latest news
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Pres. Boakai grants full ownership of strategic oil blocks to NOCAL - Liberia news The New Dawn Liberia, premier resource for latest news
Monrovia, Liberia – June 9, 2025 – In a landmark decision to strengthen Liberia’s energy independence and economic prosperity, President Joseph Nyuma Boakai, Sr., has allocated four offshore oil blocks to the National Oil Company of Liberia (NOCAL) with full 100% ownership. The Executive Allocation of blocks LB-10, LB-11, LB-29, and LB-31 represents a transformative step in Liberia’s energy sector development. The full ownership transfer ensures…
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