- Search Results
 
 
House Reaffirms Its Commitment.......
Date Uploaded: Dec 04, 2014

Deputy House Speaker Hans Barchue

 

 

 

 

House Reaffirms Its Commitment To Reform Oil Sector

By Richard Stephens/LINA

MONROVIA December 4 (LINA) - Deputy House Speaker Hans Barchue has reaffirmed the National Legislature’s commitment to reform the oil and gas sectors of Liberia to ensure every Liberian benefits from the potential hydrocarbon deposits.

He told the Ministry of Information regular press briefing Thursday that in February of 2012, the Plenary of the House, acting upon a report of a House Joint Committee, endorsed a number of recommendations which required the Legislature to take the lead in reforming the Hydrocarbon Sector.

He named the committees as Ways, Means and Finance, Lands Mines and Natural Resources, State Enterprises, Public Account and Expenditure as well as Judiciary, according to the Liberia News Agency.

In response to questions, Deputy Speaker Barchue said the House leadership named a 22-man special committee to review the Act which created the National Oil Company of Liberia (NACOL) in 2000 and  to advise Plenary on the enactment of the Comprehensive National Content Law.

Barchue further noted that the recommendations also require the House leadership to thoroughly review the 2002 Petroleum Laws of Liberia, taking into consideration the international best practices alongside Liberia’s context and ensure that the end is contemporary, especially with regards to enhancing local content.

Barchue then emphasized that members of the committee and a number  of senators undertook study tours to Ghana, Nigeria, Cote d’Ivoire, Norway and Brazil in December of 2012 to learn about the various methodologies used by these countries to manage the oil wealth in order to reform the Liberian oil process.

LINA 

 

latest headlines
Coca-Cola Africa Recommits To WASH Promotion
Coca-Cola Bolstering Africa’s Resilience and Replenish Africa Initiative Programs say more than six million Africans are expected to be reached ...more
Children Forum Craves Justice In Bong
More than 150 children from the 13 administrative districts of Bong County under the umbrella of the Liberian Children Forum have gathered in Gba ...more
PUL To Hold Conflict Sensitive Journalism, Social Media Activists Training
The Press Union of Liberia (PUL) has announced that it will hold a two-day Conflict Sensitive Journalism and Social Media Activists Training from ...more
UN Begins Women Confab In Bong
The United Nations Entity for Gender Equality and Empowerment of Women in Liberia is currently conducting four-day Peace Hut Women Strategic Plan ...more
CU Prexy Brown Is 170th Independence Day National Orator
The Ministry of Foreign Affairs has announced that Dr. Herman Beseah Browne, President of the Cuttington University is the 170th Independence Ann ...more
Justice Youh, 3 Female Judges Attend All-Women Regional Confab In Abuja
An all-female Liberian delegation, comprising an associate justice and three judges, recently attended the International Association of Women Jud ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency