The New Dawn (Monrovia)

1 July 2014

Liberia: NOCAL Responds to Criticism

The National Oil Company of Liberia or NOCAL has reacted to criticism directed at its operations, dismissing them as "hyperbolic stories." Addressing a news conference here Monday, Chief Executive Officer Dr. Randolph McClain said NOCAL will continue to encourage everyone to express views and perspectives on the oil sector and on its activities as much as they can.

Dr. McClain however said what the institution will always reject and frown upon is when such observations, views and opinions are not grounded in facts, stressing that everyone is entitled to his or her opinion, but certainly not to his or her own facts.

"It is against this backdrop that we have come here today to highlight some of the issues that have been in the public domain of late regarding what NOCAL has been doing or has not been doing, and to set the record straight on these and related sector issues. That way, we can separate the wheat from the chaff, so to speak.

That way, we can put to rest some hyperbolic stories being told about the sector and NOCAL. And that way, we can let the public as well as naysayers know and understand the accomplishments of NOCAL and the efforts being exerted by the current NOCAL Board and Management in navigating the complex challenges facing the entity and the sector in general," Dr McClain said.

According to NOCAL boss, the oil company and the oil sector are marching on impressively, and that the present NOCAL management has achieved more in terms of accomplishments in the sector than at any other time in the recent past. He added the current management at NOCAL do respect and recognize past accomplishments, but it is proud to state that they have significantly improved upon those past accomplishments.

Dr. McClain said based on available evidence supported by facts; NOCAL has in recent times accelerated its programmatic and developmental strides across many levels of the sector and society as a whole, especially in regards to projects and activities that touch in very meaningful ways the lives of ordinary people.

"Before the onset of the ongoing sector reform, thanks to the new leadership at NOCAL, and the Negotiating Team of the HTC, an agreement was reached with Exxon Mobil on Block 13, netting for the government more than US$45 Million in 2012/2013 fiscal period. This deal has also been described by industry experts as "one of the best ever in the history of frontier countries," Dr. McClain noted.

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