Liberia: Nocal Seeks Investments in Oil Sector

5 May 2025
Liberian Observer (Monrovia)

In a determined stride toward unlocking Liberia's oil and gas potential, the leadership of the National Oil Company of Liberia (NOCAL) over the weekend concluded a high-level engagement with top Nigerian business leaders and energy executives.

This mission marks a significant step in building cross-border partnerships that can accelerate investment and innovation in Liberia's energy sector.

Described as a moment of history in the making, the visit is part of a broader effort to position Liberia as a competitive and attractive destination for upstream investment in West Africa.

"We are flipping through the pages of possibility and shaping the future of Liberia's energy landscape," said Fabian Michael Lai, Acting CEO/President of NOCAL during the Abuja engagement. "Our mission is clear--putting Liberia first and shifting the dynamics of our oil and gas industry through strategic alliances and sustainable growth."

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The discussions focused on infrastructure development, joint venture opportunities, energy security, and local content initiatives.

Mr. Alhaji Amin IIyas Group Executive Chairman/CEO of Transoceanic Energy group Nigeria, remarked:

"Liberia represents one of the final frontiers of untapped hydrocarbon potential in West Africa. What we're witnessing today is visionary leadership from NOCAL, and Nigeria is proud to support a sister nation in building capacity and driving energy-led development."

This landmark visit underscores NOCAL's dedication to transforming Liberia's energy sector into a pillar of economic growth and regional collaboration.

Read the original article on Liberian Observer.

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