• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 4 hours In a Nutshell...
  • 2 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 7 mins Is the oil & gas industry on the way out?
  • 1 day Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 56 mins Why Oil could hit $100
  • 2 days The Coal Industry May Never Recover From The Pandemic
  • 2 days A Real Reality Check on "Green Hydrogen"
  • 1 day Where is Alberta, Canada headed?
  • 2 days Putin Paid Militants to Kill US Troops
  • 2 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 3 days Why Wind is pitiful for most regions on earth
Jen Alic

Jen Alic

 

More Info

Premium Content

Liberia Moves to Allow Foreign Oil and Gas Exploration

For the first time since it gained independence over a century and a half ago, Liberia has struck an agreement with a foreign company for the exploration of crude oil in its territorial waters. On 29 August, the government of Liberia announced it had granted Chevron Corp. concessions to explore three deepwater areas for offshore oil in a three-year program set to start later this year. Liberia is also granting exploration rights to a number of other companies, including Repsol Exploration SA, Woodside West Africa Pty Ltd., Regal Liberia Ltd., and Anadarko Petroleum Corp. Liberia's legislature must still approve the agreement.

Analytical Note: Still reeling from the after effects of 25 years of chaos and civil war, Liberia appears to have never produced any oil, and transnational companies are keen to begin exploration for oil and gas. The exploration deals will be a litmus test for President Ellen Johnson Sirleaf, who has pledged to use the country's natural resources for growth and development. Furthermore, the Legislature's ratification of the Chevron agreement is not a done deal, and could find itself halted by domestic politics, especially with 2011 elections just around the corner. Political tensions in Liberia are on the rise, and the opposition could opt to use the deal against Sirleaf, who is seeking a second term in the 2011 elections.

By Jen Alic


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News