General News

Breaking News

Financially we never supported the oil consultation-NOCAL

Benjamin S. Taingay

( 4, 2015)-The National Oil Company of Liberia (NOCAL) has rejected claims that it gave the House of Representatives funds to conduct consultations on the country’s oil exploration Act of 2013.

NOCAL, however, clarifies that it provided only technical related support to the Lower House during the consultations’ planning and holding.

The oil company’s clarification comes amidst reports from individuals and institutions that it disbursed US$12M or US$900,00 to the Lower House to conduct the nation-wide consultations.

NOCAL then assured the public that it will always remain committed to its core principles of transparency and accountability in the discharge of its statutory mandate.

“We wish to use this opportunity to reaffirm our commitment to ensuring the prudent management of revenues generated from Liberia’s oil and gas sector,” the company added.

It can be recalled that in 2014, the House of Representatives held consultations on Liberia’s oil exploration Act of 2013.

The consultations were aimed at explaining to rural dwellers, in simple terms, provisions of the act for their understanding and for gathering their views on and inputs into the draft Act.

During and following the consultations, there were widespread public criticisms on the essence of the nation-wide discussions and on the alleged “un-necessary huge” funds used to facilitate such discussions.

The public criticisms continued to the effect of several citizens calling for a financial inquest into the amounts allegedly spent by the House of Representatives on the nation-wide oil deliberations.


Copyright 2012 All Rights Reserved.