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USD74bn++ Exxon Mobil has disagreed with a ruling by the government of Chad imposing a mammoth fine on the company. The fine of USD 74 billion was levied as a penalty for unpaid royalties. Exxon, the world’s biggest oil producer by market value, has been exploring oil in chad since 2001 and operates the Chad-Cameroon
57 vs 66 The volume of crude oil being shipped to Asia from West Africa has moderated this September. This is according to a Bloomberg survey of traders which predicts cargoes will fall to 1.79 million barrels a day down over 10% from August. 57 cargoes are expected to be shipped to Asia from Angola,
FrancTrade view: Oil shipments through the 1,070km Chad-Cameroon oil pipeline dropped a massive 13% y/y in the first half of 2016. According to figures from the Chad-Cameroon Pipeline Steering and Monitoring Committee, 20.9 million barrels of oil were transported in the year to June 2016, down from 24 million in the same period last year.We believe
