ExxonMobil fine highlights Chadian budget woes and challenges for upstream operators – GlobalData

15 February 2016, Sweetcrude, Lagos — In October 2016 a Chadian court ordered a consortium led by ExxonMobil to pay a fine of US$74 billion for allegedly underpaying royalties on their operation in the country and the parties have entered into negotiations over the issue. The fine relates to the statistical royalty on exports on […] More »