- Search Results
 
 
Senate Cites NOCAL Board, Management
Date Uploaded: Jun 18, 2015

Grand Kru County Senator Albert Chie 

 

 

Senate Cites NOCAL Board, Management

By Richard Stephens, LINA

MONROVIA, June17 (LINA) - The Senate Standing Committees on Lands, Mines, Energy, Natural Resources and Environment has cited the Board and Senior Management Team of NOCAL to appear before it to provide a plan to keep the oil exploration program active and prevent it from collapse.

Local dailies were Wednesday replete with news reports that the National Oil Company of Liberia (NOCAL) was facing financial crisis.

In a letter to the Senate President Pro-Tempore, Grand Kru County Senator Albert Chie said the oil program is indeed facing difficulties and that the joint committees have planned legislative hearings next week to probe the matter in order to make full report to plenary.

According to Senator Chie, the NOCAL Team will be requested to also provide the company’s proposed plan and details of the austerity measures contemplated in the immediate to short-term to keep NOCAL financially solvent.

He added that if the retrenchment of employees is being considered as part of these measures, the committees will put a hold to it pending consultations between NOCAL and the joint Senate and House committees.

The letter also disclosed that the Ministers of Lands, Mines and Energy; Finance and Development Planning as well as Justice will appear because they are members of the Hydrocarbon Technical Committee and oversee the energy, finance and the legal sectors of the company.

The communication further stated that the Ministers of Lands, Mines and Energy and Finance are members of the Board of Directors of NOCAL, who reportedly participated in certain policy decisions and approvals that have contributed to the present predicament and, as such, their views on moving the oil program forward will be useful.

LINA RS/TSS/PTK

 

latest headlines
LEC Holds Community Engagements Against Power Theft
The Liberia Electricity Corporation (LEC) has renewed its warning to individuals engaged in power theft to desist, as it was costing government i ...more
Cuttington University Promises To Sustain EHELD Projects
The Administration of the Cuttington University has assured the Excellence in Higher Education for Liberian Development (EHELD) of its commitment ...more
Justice Banks Decline To Issue Prohibition Against Korkoyah
Supreme Court Justice-in-Chamber Philip A. Z. Banks Thursday declined to grant the writ of prohibition requested by Dr. Togba Nah Tipoteh against ...more
VP Boakai Assures LACC Of Support To Tackle Graft
Vice President Joseph N. Boakai has assured the Liberia Anti-Corruption Commission (LACC) of his unreserved commitment to tackle the scourge of c ...more
Pres. Sirleaf Congratulates Luxembourg On ‘National Day'
President Ellen Johnson Sirleaf has sent a congratulatory message to His Royal Highness, Grand Duke Henri of Luxembourg, on that country’s Nati ...more
ECOWAS Envoys Congratulate Pres. Sirleaf
The Dean of ECOWAS Ambassadors and Heads of Mission Accredited to Senegal, General Edouard Tiape Kassarate, has congratulated President Ellen Joh ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency