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Wednesday, June 12, 2024

Liberia Discusses Oil &Gas With Angola

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Liberia’s Foreign Minister Sara Beysolow Nyanti, representing President Joseph Nyuma Boakai has held talks with the Angolan leader João Lourenco in Luanda to forge closer ties with a particular emphasis on cooperation in the oil and gas sector.

During the meeting, both leaders expressed their commitment to deepening the collaboration between Liberia and Angola. Foreign Minister Beysolow Nyanti conveyed President Boakai’s greetings and emphasised Liberia’s eagerness to learn from Angola’s extensive experience and expertise in the oil and gas industry.

The talks underscored the mutual benefits of such a partnership, aiming to harness Angola’s advanced technological capabilities and Liberia’s untapped resource potential.

President Lourenço highlighted Angola’s readiness to share knowledge, best practices, and technical support to assist Liberia in developing its oil and gas sector.

This collaboration is expected to lead to substantial economic growth and job creation, significantly impacting Liberia’s socio-economic landscape.

The meeting also covered broader aspects of bilateral cooperation, including trade, investment, and capacity building.

Both parties acknowledged the importance of creating a conducive environment for private sector investment and collaboration.

The exchange underscored the necessity of establishing robust regulatory frameworks and infrastructure to support the growth of the oil and gas industry in Liberia.

Foreign Minister Beysolow Nyanti remarked that Liberia is committed to leveraging its partnership with Angola to boost its oil and gas industry, which is pivotal for the country’s economic diversification and development.

President Lourenço echoed these sentiments, stating, “This partnership not only strengthens our bilateral ties but also contributes to the stability and prosperity of the region.”

The meeting concluded with a mutual agreement to establish a joint task force to explore and implement strategies for cooperation in the oil and gas sector.



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