Liberia Signs Multi-Million Dollar Oil Deal
President Ellen Johnson Sirleaf has signed a multi-million dollar oil deal with one of the world's largest energy companies, Exxon Mobil.
Aboard an oil rig.
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Liberia: President Signs U.S.$50m Oil Contract
The New Dawn, 11 March 2013
A day after authorities at the National Oil Company of Liberia or NOCAL announced that they have completed a deal with the Canadian Overseas Petroleum Ltd. (COPL) and ExxonMobil ... read more »
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Liberia: Govt Certifies Oil Block 13 - Pres. Sirleaf Pens Agreement, Legislature Next
The Analyst, 11 March 2013
Less than a week ago, the National Oil Company of Liberia (NOCAL) announced a consummation of refurnished contract for Block 13, the oil well that was once consumed in the throes ... read more »
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Liberia: Statement By H.E. President Ellen Johnson Sirleaf At Signing of Renegotiated Agreement On Oil Block Lb-13 (document)
The New Republic Liberia, 10 March 2013
My Fellow Liberians: read more »
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Liberia: House Tells President Sirleaf to Re-Negotiate 10 Oil Contracts
Heritage, 9 May 2012
Members of the House of Representatives Tuesday, May 8, 2012 unanimously endorsed a formal communication from one of their colleagues regarding reforms in the oil and gas sector. ... read more »
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Liberia: Nocal Welcomes Renewed Engagement, But...
Heritage, 12 March 2012
The National Oil Company of Liberia (NOCAL) says it welcomes the renewed engagement of the Legislature in the evolving governance of Liberia's oil sector. read more »
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Liberia: Lawmakers Suspend Oil Talks
The New Dawn, 7 March 2012
Members of the 53rd Liberian Legislature have overwhelmingly voted to suspend all ongoing negotiations on offshore Block 1-7 and all ultra-deep water blocks, pending the ... read more »
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Some of these African Leaders, when are they going to know what is the light of the TURNEL? WHEN?Making elaborate and wacky deals when roads,sewage systems,clean sanitation and water supply, better schools, roads and hospitals etc are badly needed. Oh Mama Africa; why some of African Leaders are killing their own and care less about their country so softly? Why Africa??
HuH,African Leaders:What is the purpose of the Liberian government announcing this oil deal to the Liberian people any way, knowing that the people would gain nothing from this deal.
Does Liberia have crude oil deposit or is it an exploration to find it?
Dear Fellas,
just a little bit of a reality check of what the future might hold for Liberia regarding the recently signed oil “deal” aka “ownership of our countries resources doesn't suit us Africans well” with ExxonMobil by the Liberian government.
Recent news: NACCIMA's (Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture) Director General Dr John Isemede said the oil sector is killing the economy silently. It has caused substantial decline in agricultural exports, which began in the mid-1960s and continues 'til today. It also created distortion in the manufacturing sector. Both sectors are the main engines of an economy.
Feb 13, 2013 source: http://allafrica.com/stories/201302130929.html
Next: The War For Oil Game as seen from a Nigerian perspective
1) 1960: Post colonial phase aka 1st phase of the war for oil: Biafra the so-called “civil war”
2) 1971: beginning of Nationalization process of Oil sector aka 2nd phase of war for oil. However, as of the end of 1983, with Gov revenue accounted over 90 percent from oil, national GDP accounted only 27 percent from oil.
3) 1990 (1st Gulf War): 3rd phase of war for oil – no gain in revenue dispite global spike in oil price due to Iraq-Kuwait War...implying soaring corruption within the Nigerian Gov.
Result: still, neither a technology transfer nor any other infrastructural and/or economical benefits for the Nigerian society at large.
4) Bonus collateral: the environmental damage
Apparently, it's no coincidence that Iraq went through a very similar process like Nigeria. The difference is, that the US directly engaged in a full blown invasion in 2003, after having worked behind the scenes for a decade to get Saddam Hussain where they wanted him to be.
sources: numerous
Conclusion: nothing new under the sun. Colonial rules still apply.
African leaders hand over their countries riches with no resistance whatsoever, for instance – in the case of Nigerias's oil – implying the usual (endemic) practice of corrupted management.
Dig
I am very disappointed over the oil deal as it seems the Liberian people have absolutely no rights over there own oil .50 USDmillion may sound alot but I am afraid it is peanut for a nation that so desperately needs reconstruction , roads , school and hospital. . I is only fair to say that the presfesident and her advisor are incapable of securing a profitable deal for our people and therefore I feel very alarmed..more then ever for our nation's as more and more country come to suck us dry and drain our nation for peanuts. It's modern day slavery ..really. The people needs more voice..I person should not be allowed to controll the country faith in this way...its not right ...
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