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18-Sep-2014

Liberia oil bid round courts ECOWAS companies with world first

(MONROVIA – September 18, 2014): A new Liberian bid round for four offshore oil blocks is courting investment from ECOWAS companies, using an incentive that targets regional upstream operators and is the first of its kind in a petroleum bid round. The ‘Local Content Participation’ provisions included in the design of the bid round will give preference to bidding groups with ECOWAS companies that partner with a Liberian company.

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