Monrovia, June 26, 2025 – The Acting President and CEO of the National Oil Company of Liberia (NOCAL), Hon. Fabian Michael Lai, appeared as a special guest on The Closing Argument talk show on Friday, June 20, 2025. The interview which aired at focusing on Liberia’s energy sector, governance reforms, and the future of oil exploration in the country.
During the engaging conversation, Hon. Lai outlined NOCAL’s current direction under his leadership, highlighting renewed efforts to attract credible investors, ensure transparency, and promote accountability in the petroleum sector. He emphasized that NOCAL is undergoing internal restructuring to strengthen its institutional capacity and restore public trust.
“Our goal is to build a transparent, efficient, and investor-friendly oil sector that delivers tangible benefits to all Liberians,” Lai stated.
He further noted that Liberia’s offshore oil potential remains promising and that NOCAL is actively working with international partners to revisit exploration blocks and update the country’s petroleum data.
Lai’s appearance sparked significant online engagement, as viewers across Liberia and the diaspora tuned in via YouTube and Facebook to pose questions and offer feedback.
As NOCAL continues its journey toward reform and revitalization, Lai’s interview marked a key moment in the effort to make the operations of Liberia’s oil sector more transparent and responsive to the needs of the people.
