NewzThe National Oil Company of Liberia (Nocal) and Nigeria-based Ladol have signed a historic agreement to construct a world-class oil shorebase in Buchanan, Liberia. The project aims to establish domestic infrastructure to support the petroleum sector.
This development addresses past economic shortcomings from Liberia's previous oil boom, during which millions of dollars in revenue, oilfield services, and employment opportunities were lost as they were outsourced to neighboring countries, specifically Ivory Coast, Ghana, and Senegal.
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