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Article: VOA NEWS: CHADIAN PRESIDENT EXPELS TWO OIL COMPANIES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- August 31, 2006
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The Voice of America issued the following story:
By James Butty
On Sunday, Chadian President Idriss Deby expelled two oil companies, Chevron of the United States and Petronas of Malaysia; both are members of the Exxon-Mobil conglomerate. Since 2003, Chad has been exporting oil under a project funded by the World Bank and a consortium of oil companies led by Exxon-Mobil. Under that agreement, a percentage of the oil revenues go to development projects in Chad. However, in light of the President's decision, Chad's agreement with the World Bank is now in question.
VOA English to Africa reporter James Butty spoke with Ian Gary, an Extractive Industries analyst with Oxfam about how the ...