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allafrica - 23 days ago

Liberia: Senegal Boots Out Oranto As Liberia Ratifies Deal

[Liberian Investigator] MONROVIA -- Senegal has kicked out Nigerian oil firm Oranto Petroleum from the Cayar Offshore Shallow (COS) block after years of inactivity and repeated failures to meet basic financial obligations, an extraordinary regulatory rebuke that is now colliding with a very different reality in Liberia, where lawmakers recently brushed aside fierce objections and ratified Oranto s new Production Sharing Contracts for four offshore blocks.


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