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flag Liberia advances offshore oil exploration with TotalEnergies, boosting investment amid regulatory reforms.

flag Liberia is advancing offshore oil exploration with TotalEnergies’ entry, marking a key step in President Joseph Nyuma Boakai’s push for stable, rule-based foreign investment. flag The company is preparing for exploration in blocks LB-06, LB-11, LB-17, and LB-29, starting with high-cost surveys and seismic work. flag This follows the first Joint Operations Committee meeting with the Liberia Petroleum Regulatory Authority, signaling improved governance and regulatory discipline. flag The move is part of a broader effort to attract up to $4.8 billion in foreign direct investment, including $800 million in petroleum exploration, with additional interest from Nigerian firm Oranto Petroleum and a major U.S. oil company. flag The government highlights reforms in transparency, local content, and environmental standards as drivers of renewed investor confidence.

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