Headlines March 27, 2023 from Democracy Now!

Chad Nationalizes ExxonMobil

Mar 27, 2023

The government of Chad says it has nationalized all assets and rights held by ExxonMobil. The U.S. gas giant announced last year it sold its operations in Chad and Cameroon to U.K.-based Savannah Energy, which said it would contest Chad’s nationalization plan. The West African nation has the 10th largest oil reserves in the continent and exports 90% of its oil.

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