Liberia: Citizens’ 5% Benefit in Oil Revenues Still In Tact – Senate Judiciary Committee

MONROVIA – The Judiciary Committee of the Liberian Senate has established that the Amended Petroleum Law of 2019 did not tamper with the Liberian people’s right to five percent of all revenues generated from petroleum agreements, instead, it grants Liberian companies the right attain additional five percent in equity of petroleum companies engaged in the exploitation of petroleum reserves of Liberia.

The Senate’s Judiciary Committee’s conclusion is as a result of an investigation into a complaint filed by the Coalition for the Restoration of Liberian Five Percent Equity in Petroleum Agreements (CORLE).