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Chadian president Mahamat Deby
Politics Upstream Majors Chad
Simon Ferrie
30 March 2023
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Chad nationalises ExxonMobil’s former assets

Savannah Energy claims the assets and will contest the decision at the ICC

The government of Chad intends to nationalise the upstream assets formerly held by ExxonMobil, which are claimed by AIM-listed Savannah Energy. The nationalisation decree was issued by the president of the landlocked Sahel nation, Mahamat Deby. The move is “in direct breach of the conventions to which [Savannah’s local subsidiary] SCI and the Republic of Chad are party”, Savannah says, adding that “the conventions are subject to the jurisdiction of an [International Chamber of Commerce: ICC] tribunal, seated in Paris, and the company intends to pursue all of its legal rights”. ICC arbitration “could take 18–24 months”, but the company “believes it has a watertight case”, according to analyst

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Sverdrup keeps on giving
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
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11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030

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