THE NATIONAL OIL COMPANY OF LIBERIA (NOCAL), is an agency and instrumentality of the Liberian Government with its principal office in the City of Monrovia, and with additional offices in such other places within and without the Republic of Liberia as the Board of Directors may deem necessary. The Corporation is established for he purpose of holding all of the right, title and interest of the Republic of Liberia in the deposits and reserves of liquid and gaseous hydrocarbons within the territorial limits of the Republic of Liberia, whether potential, proven, or actual with the aim of facilitation the development of the oil and gas industry in the Republic of Liberia. Some of NOCALs' function is to To organize, conduct, arrange, and supervise all relevant research and exploration for liquid and gaseous hydrocarbons in Liberia, and to delineate, establish, and issue licenses for particular areas, fields, and block, as the case may be, on such terms and conditions as shall be deemed appropriate, subject to the approval of the Board of Directors and final ratification by the President of Liberia. - Read more

NEITI: Towards better management of nation's oil and gas resources - Vanguard

NEITI: Towards better management of nation's oil and gas resources Vanguard The Extractive Industries Transparency Initiative (EITI) is a global effort aimed at improving the management of oil, gas and mining revenues in resource-rich countries. The initiative effectively took off in 2002 during the World ... Root for transparencyTimes of India all 2 news articles »

Bright Promise from the Mining Sector - Liberian Daily Observer

Bright Promise from the Mining Sector Liberian Daily Observer Additionally, Liberia is a member of the Extractive Industry Transparency Initiative (EITI), which requires the government to publish the sources of revenues and applications of funds received from companies in the extractive industry. ... and more »

Prosper or Plunder? Extractive Industries' Checkered Past With Development - Huffington Post (blog)

Prosper or Plunder? Extractive Industries' Checkered Past With Development Huffington Post (blog) On Tuesday, September 20th, President Obama delivered the welcome news that the US will now implement the Extractive Industries Transparency Initiative (EITI), the global transparency standard for oil, gas and mining. "Today, I can announce that the ...

PWYP-Liberia Coalition Embarks On Massive LEITI - Report Popularization - Middle East North Africa Financial Network

PWYP-Liberia Coalition Embarks On Massive LEITI - Report Popularization Middle East North Africa Financial Network LEITI is the local archetype of the global organization the Extractive Industries Transparency Initiatives (EITI). The LEITI annual report covers a total record of payment made by companies exploiting Liberia's natural resources and received by the ...

Liberia Should Reform Oil Sector To Prevent Corruption, Report Says - Wall Street Journal (blog)

FuelFix

Liberia Should Reform Oil Sector To Prevent Corruption, Report Says Wall Street Journal (blog) The two organizations do credit Liberia with passing a law implementing the Extractive Industries Transparency Initiative and drafting an oil-sector reform policy, but found that the country is breaking that law. In a list of reforms proposed by Global ... Liberia: Immediate Reform Needed If Locals Are to Profit From Potential Oil ...AllAfrica.com Several Govt. Officials Linked to BriberyLiberian Daily Observer all 58 news articles »

U.K. Refuses Extractive Industries Transparency - Energy Digital

Upstream Online

U.K. Refuses Extractive Industries Transparency Energy Digital Yesterday, the United States signed onto the Extractive Industries Transparency Initiative (EITI), making it the second G8 country, alongside Norway, to join. US President Barack Obama says the initiative will ensure that "taxpayers receive every ... US Joins Extractive Industry Transparency Initiative Amid Open Government LaunchWall Street Journal (blog) Obama: US will implement oil transparency initiativeThe Hill (blog) US signs up for transparencyPetroleum Economist Upstream Online -Kuwait News Agency -www.JewelryNe.ws all 11 news articles »

Civil society challenges FG on oil transparency - NEXT

Civil society challenges FG on oil transparency NEXT "Nigeria's extractive industries transparency audit system is touted as one of the most robust in the world. If we as a country set those targets by ourselves, we should be seen to be meeting those targets. We should not go back to the experience prior ... NEITI urges partnership with CSOs to tackle bad governanceVanguard all 2 news articles »

Oil Revenue: Group Demands Release of NEITI Report - THISDAY Live

Oil Revenue: Group Demands Release of NEITI Report THISDAY Live By Ejiofor Alike Civil society organisations working in the area of extractive industry revenue transparency have called on the Nigerian Extractive Industries Transparency Initiatives (NEITI) to release the final report of the annual oil and gas sector ... Group Charges NEITI To Recover Trapped $5bLeadership Newspapers Nigeria: Oil Audit - NEITI to Probe Status of UN-Reconciled US$5 Billion RevenueAllAfrica.com all 5 news articles »

Agency restarts oil industry audit process - NEXT

Agency restarts oil industry audit process NEXT The process towards the 2009-2011 audit of the country's oil and gas sector is scheduled to kick off on Friday, the Nigeria Extractive Industry Transparency Initiative (NEITI) has announced in Abuja. NEITI's spokesperson, Orji Ogbonnaya ...

Civil Society seek release of oil industry Report - NEXT

Civil Society seek release of oil industry Report NEXT Decrying the delay in the release, the group called on the Nigeria Extractive Industries Transparency Initiative (NEITI) Secretariat to release the final report, stating that this report was one of the six requirements by the Board of the Extractive ... and more »