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The President of the Republic of Liberia, H.E. Joseph Nyumah Boakai, received the Bi-Annual Performance Report of the National Oil Company of Liberia (NOCAL) on August 7, 2025, during a formal presentation held at the Executive Mansion.
Presenting the report, NOCAL’s Acting President–CEO, Hon. Fabian Michael Lai, made a strong case for both short- and long-term agendas, outlining urgent actions needing presidential intervention within the next 30 days, emphasizing four key priority areas.
Hon. Lai, who was accompanied by members of NOCAL’s leadership team and Board of Directors,, also used the occasion to unveil the company’s 5-year Strategic Plan designed to revitalize Liberia’s oil and gas sector.
Chairperson of NOCAL’s Board of Directors, Cllr. Gloria Maya Musu-Scott expressed gratitude to the President for his continued support. She complimented the Senior Management Team for the excellent strides achieved over the past eight months since her assumption of office in January 2025.
In his remarks, the Acting CEO spoke of the high interest from the leading IOCs (international oil companies) in the Liberian basin, primarily because the government of President Joseph N. Boakai, Sr., is perceived as a responsible and trustworthy one, in addition to the absence of security threats along the Liberian coastline.
President Boakai expressed satisfaction at the presentation and reaffirmed his commitment to ensure that NOCAL’s short and long-term priorities are actualized. He was emphatic that all institutions within the Liberian Energy sector do their best to operate within the confines of the laws, ensuring that agreements are binding and mandates are fully adhered to. The meeting concluded on a positive note, with renewed dedication to national development and sectoral transformation.