IPNEWS: Former House Speaker Johnathan Fonati Koffa, says he in full readiness to support recent submission of a total Energies production sharing Agreement submitted to the House of Representative for rectification.
In podcast, former Speaker Koffa stated that “Regarding the President’s three bills submitted, I will support the Total Energies Production Sharing Agreement and the HPX Concession Agreement—these are solid investments for the future of Liberia’s resources.
I will oppose Atlas Oranto Production Sharing Agreement. Oranto, by its track record shows that it does not mean well for Liberia. It does not have the capacity to engage in the activity for which it has been contracted.
The last time Oranto got a production sharing agreement from Liberia it was so corrupt that it had to be “cleaned” through a Canadian company in order for it to be purchased by Chevron.
Oranto is a flipper to avoid transparency and accountability and will benefit only a few Liberians which they will never name. This same block was the subject of negotiations with Exxon Mobil, an American company with a solid record of production. The government must explain why it walked away from Exxon Mobil for a more dubious arrangement with a 419 company.” Former Speaker Koffa stated.
Last week, President Boakai submitted three major investment agreements negotiated and signed by the Executive Branch to the Liberian Legislature for immediate ratification.
These agreements mark significant progress in attracting strategic foreign investment and revitalizing key sectors of our economy.
Senator Konneh in social Media Post states that the first two submission includes eight new offshore petroleum sharing contracts (PSCs) with TotalEnergies EP Liberia B.V. and Atlas Oranto Petroleum Ltd., representing Liberia’s first petroleum agreements in over a decade under the 2024 Direct Negotiation Licensing Round. TotalEnergies secured blocks LB-06, LB-11, LB-17, and LB-29, while Atlas Oranto was awarded blocks LB-15, LB-16, LB-22, and LB-24.
