Published 1 year ago

Chad says it has nationalized all assets owned by Exxon Mobil

Summary by Ground News

Exxon Mobil said in December 2022 that it had closed the sale of its operations in Chad and Cameroon to London-listed Savannah Energy in a $407m deal. The Chadian government contested the agreement, saying the final terms were different from what had been presented to it. Savannah said it plans to pursue all its legal rights to contest Chad's move.

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Reuters

Chad says it has nationalized all assets owned by Exxon Mobil

N'DJAMENA - Chad has nationalized all the assets and rights including hydrocarbon permits and exploration and production authorisations that belonged to a subsidiary of Exxon Mobil, the Central African nation's energy and hydrocarbons ministry said in a statement on Thursday. Exxon Mobil said in December that it had closed the sale of its operations Chad and Cameroon to London-listed

1 year ago·United Kingdom

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Associated Press News

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits. The nationalization of a private company means that all assets are now owned by the government. While this used to happen…

1 year ago·United States

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abc News

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

1 year ago·United States

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KRDO

Chad nationalizes assets by oil giant Exxon, says government

By SAM MEDNICK Associated Press DAKAR, Senegal (AP) — Chad’s government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits. The nationalization of a private company means that all assets are now owned by the government. While this used to happen in the 1960s and 70s it hasn’t happened in a long time and doesn’t conform to the legalities of the sector, say energy experts. …

1 year ago·Colorado Springs, United States

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Winnipeg Free Press

Chad nationalizes assets by oil giant Exxon, says government

DAKAR, Senegal (AP) — Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its hydrocarbon and exploration permits, said the government. ″The finance and budget minister must […]

1 year ago·Winnipeg, Canada

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National Post

Chad nationalizes assets by oil giant Exxon, says government

DAKAR, Senegal (AP) -- Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its hydrocarbon and exploration permits, said the government.

1 year ago·Canada

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