{"id":52175,"date":"2024-02-14T15:51:22","date_gmt":"2024-02-14T15:51:22","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector"},"modified":"2024-02-14T17:38:24","modified_gmt":"2024-02-14T17:38:24","slug":"nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector","title":{"rendered":"NOCAL\u2019s VP Outlines Investment Strategy to Revive Liberia\u2019s Oil Sector"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>In a momentous gathering witnessed by esteemed dignitaries and industry stakeholders, Emmanuel Azango, the newly appointed First Vice President for Finance at the National Oil Company of Liberia (NOCAL), expressed profound gratitude and outlined his vision to propel Liberia\u2019s oil sector to new heights.<\/p>\n

Addressing the assembly, when he officially took office on Tuesday February 13, Azango conveyed his unwavering commitment to leveraging his role to advance Liberia\u2019s public service agenda. \u201cWe don\u2019t take this opportunity lightly,\u201d he affirmed, emphasizing his determination to transform the nation\u2019s fortunes within a six-year timeframe.<\/p>\n

He was appointed recently by President Joseph Nyuma Boakai to help steer the affairs of that entity along with former Montserrado County District #5 Representative, Ms. Rustonlyn Suacoco Dennis, President\/ Chief Executive Officer of NOCAL.<\/p>\n

Central to Azango\u2019s mandate is the revitalization of NOCAL through the formulation and execution of a robust investment strategy. Recognizing the limitations of traditional revenue streams, he underscored the imperative of attracting transformative investments through strategic partnerships.<\/p>\n

\u201cWe will draw on global trends favoring oil exploration investments, which have surpassed US$100 billion worldwide,\u201d Azango stated, highlighting the opportunity to position Liberia as an attractive destination for oil exploration ventures.<\/p>\n

Azango outlined plans to craft an investment blueprint aimed at enticing major Gulf National Oil Companies to bolster NOCAL\u2019s technical and financial capabilities.<\/p>\n

He noted that Liberia\u2019s strategic location and untapped potential make it a prime candidate for investment, especially amidst shifts in global oil dynamics, such as the isolation of Russian oil by European countries.<\/p>\n

\u201cLiberia is uniquely positioned to attract investments and partnerships with Gulf countries seeking diversification,\u201d Azango asserted, underscoring his department\u2019s proactive role in fostering international collaborations.<\/p>\n

While acknowledging the global push towards renewable energy, Azango emphasized the economic opportunities presented by responsible exploration of Liberia\u2019s hydrocarbon reserves.<\/p>\n

He affirmed NOCAL\u2019s commitment to sustainable development while maximizing the nation’s petroleum potential.<\/p>\n

Azango expressed readiness to build upon the momentum generated by Exxon Mobil\u2019s return to Liberian waters, signaling renewed confidence in the country\u2019s oil prospects.<\/p>\n

He pledged to capitalize on this momentum to drive increased drilling and exploration activities.<\/p>\n

In conclusion, Azango assured a collaborative approach, acknowledging the achievements of his predecessors and pledging to harness their legacy to steer NOCAL towards becoming a catalyst for national prosperity.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. In a momentous gathering witnessed by esteemed dignitaries and industry stakeholders, Emmanuel Azango, the newly appointed First Vice President for Finance at the National Oil Company of Liberia (NOCAL), expressed profound gratitude and outlined his vision to propel Liberia\u2019s oil sector to new heights. Addressing the assembly, when he officially took office […]<\/p>\n","protected":false},"author":84,"featured_media":52174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-52175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nNOCAL\u2019s VP Outlines Investment Strategy to Revive Liberia\u2019s Oil Sector - Liberia<\/title>\n<meta name=\"description\" content=\"In a momentous gathering witnessed by esteemed dignitaries and industry stakeholders, Emmanuel Azango, the newly appoint ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOCAL\u2019s VP Outlines Investment Strategy to Revive Liberia\u2019s Oil Sector\" \/>\n<meta property=\"og:description\" content=\"In a momentous gathering witnessed by esteemed dignitaries and industry stakeholders, Emmanuel Azango, the newly appoint ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T15:51:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T17:38:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/02\/sm_1707919038.860717.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NOCAL\u2019s VP Outlines Investment Strategy to Revive Liberia\u2019s Oil Sector\",\"datePublished\":\"2024-02-14T15:51:22+00:00\",\"dateModified\":\"2024-02-14T17:38:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/02\/sm_1707919038.860717.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocals-vp-outlines-investment-strategy-to-revive-liberias-oil-sector\",\"name\":\"NOCAL\u2019s VP Outlines Investment Strategy to Revive Liberia\u2019s Oil Sector - 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