The move follows US oil giant’s pull-out from Chad in December Chad’s energy ministry has announced the nationalization of all the assets and rights that belonged to a subsidiary of US oil major ExxonMobil, including hydrocarbon permits as well as exploration and production permits, according to a Reuters report on Friday. Exxon's assets reportedly included a 40% stake in Chad's Doba oil project, which comprises seven producing oilfields with a combined output of 28,000 barrels per day (bpd). The report also mentions Exxon's interest in the Chad-Cameroon export transportation system, which extends for over a thous
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