Nationalizes the assets of ESSO Exploration and Production Chad Inc.
23 Mar 2023
On 23 March 2023, the President of the Transition of Chad issued a decree – N°0465/PT/PM/MHE/2023 – which provides for the nationalization of all the assets and all the rights of any kind arising from the Conventions, Exploration permits, Exploitation Authorizations and Hydrocarbon Transport Authorizations of ESSO Exploration and Production Chad Inc. The nationalized company held concessions in a number of productive fields, as well as rights over oil extracted there and a share in a pipeline transporting crude to neighbouring Cameroon for export via the port of Kribi.
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Type:
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Treatment and operation (Nationalizations and expropriations)
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Industry:
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Primary (Mining and quarrying)
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Sources:
