Chad: ExxonMobil settles dispute

Issue 348 - 16 Jun 2017 | 1 minute read

ExxonMobil has secured an extension of its Doba Basin licence until 2050 after settling a dispute over royalties that saw a court in N’djamena fine the company and its consortium partner Petronas $76bn in October last year.A signing ceremony was held at the Hilton hotel in N’djamena on 9 June. There was no immediate word on whether the agreement included a financial settlement and, if so, how much was paid.

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