AIM-listed Savannah Energy has taken over ExxonMobil’s stakes in the Doba oil project and Chad-Cameroon pipeline, but its plans to expand further in Chad have been undermined by the opposition of Mahamat Idriss Déby Itno’s transitional government to its acquisition of Malaysian national oil company Petronas’s 35% stakes in the projects. Authorities in N’Djamena blamed regional anti-trust laws, but the developments may also reflect volatile Sahel polities, writes Marc Howard.
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