CORLE Fears Closed-door Direct Negotiation of Oil Blocks May Only Enrich Buddies of Pres Weah frontpageafricaonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frontpageafricaonline.com Daily Mail and Mail on Sunday newspapers.
Pro-Democracy Group to Take Govt to Court for the Restoration of 5% Equity Interest in Petroleum Products to Ordinary Liberians
Pro-Democracy Group to Take Govt to Court for the Restoration of 5% Equity Interest in Petroleum Products to Ordinary Liberians
Share
Monrovia – A group under the banner “Coalition for the Restoration of Liberian’s 5% Equity Interest in Petroleum Products” says it will pursue legal action against the Government of Liberia in an effort to ensure that all Liberian citizens benefit from the country’s resources.
The group through its Secretary General Matthew Nyanplu, speaking at a Press Conference Monday in Monrovia disclosed that the secret 2019 amendment of the petroleum law of Liberia by the National Legislature was in violation of the Constitution of Liberia.
13 hours Russia Bets On Waste-To-Energy Plants 15 hours Canadian EV Maker Unveils World s First Crypto-Mining Car 16 hours Brazil’s Worst Drought In 91 Years Is Good News For LNG 17 hours Extreme Drought Puts California’s Power Supply At Risk 18 hours More Than 2 Billion Tons Of Coal Mining Capacity Is About To Come Online 19 hours Commodity Firms Race To Hire Metal Traders 2 days Larger Than Expected Crude Draw Fuels Oil Price Rally 2 days Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship 2 days Saudi Oil Giant Readies $5B Bond To Fund Huge Dividend 2 days World’s Top Offshore Wind Firm To Triple Capacity With $57 Billion Investment
US Pledges All Available Tools to Support Somalia s Farmaajo as Term Extension Bid Crumbles sputniknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sputniknews.com Daily Mail and Mail on Sunday newspapers.
Josiah F. Joekai, Jr.
The Grassroots Alternative Movement (GAM) has officially joined the coalition of Liberian organizations and interest groups to demand the 54
th Legislature to restore the 5% equity right granted to Liberians by the Petroleum Law enacted by the 53
rd Legislature in 2016. Section 31.6 and Sub-section 36.7 of the 2016 Petroleum Law exclusively set aside 5% equity for Liberians for every oil contract signed. Unfortunately, the 54
th Legislature in 2019, amended this provision of the Law to grant the very 5% equity right to Liberian Businesses as reflected in Section 36 A, B and C of the new Petroleum Law of Liberia.
The Grassroots Alternative Movement says it takes serious exception to this overnight amendment of Section 31.6 and Sub-section 36.7 of the 2016 Petroleum Law. The amended version, 36 A, B and C of the new Petroleum Law of Liberia completely deprives Liberians of the just benefits from their own oil resource. Absolutely, there were no credible publi