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29-Jul-2013

Press Release - NOCAL Within Budget

NOCAL Spending is Within 2012/2013 Fiscal Budget

Monrovia,  July 28, 2013 (NOCAL) The National Oil Company of Liberia refutes reports that it exclusively overspent during its 2012/2013 fiscal period. During the period under review there was absolutely no overspending by NOCAL; rather the  company operated very efficiently to increase revenue inflow to the country’s emerging petroleum sector and its transactions during the period was in compliance to one of its core values of transparency. The Company budgeted US$28.9 million as reflected in its published 2012/2013 budget. 

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