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Tuesday, July 19, 2011
Oil explorers focus on Liberia coast
Oil explorers focus on Liberia coast Chevron, the US energy company, will carry out oil exploration off the Liberian coast later this year, giving the west African country the possible chance to join its neighbours as an oil-producing nation. The countries that span the west African coast pump more than 3 million barrels of oil per day from the likes of Nigeria, Angola and new producer, Ghana. Chevron will now look to invest ‘billions of dollars’ in Liberia if the search for commercially viable oil is successful, according to Karl Cottrell, Liberian country manager for the Californian company. Chevron signed a three-year exploratory deal with Liberia …
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