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Latest Business News

Chad Orders 2 Oil Companies to Leave

Saturday, August 26, 2006 8:10:40 PM
By MADJIASRA NAKO

N'DJAMENA, Chad (AP) - Chad's president on Saturday ordered oil companies Chevron Corp. and Petronas to leave the country, saying neither has paid taxes and his country will take responsibility for the oil fields they have overseen.

In remarks on state-run radio, President Idriss Deby gave the companies — part of the African country's oil production consortium that is led by Exxon Mobil — a deadline of just 24 hours to start making plans to leave.

"Chad has decided that as of tomorrow (Sunday), Chevron and Petronas must leave Chad because they have refused to pay their taxes," Deby said in a message broadcast on state-run radio.


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