Showing posts with label exploration. Show all posts
Showing posts with label exploration. Show all posts

Sunday, August 10, 2014

Chad withdraws Chinese exploration permits



Chad has decided to withdraw five exploration permits issued to a Chinese company and press charges in a row over a $1.2bn fine for environmental violations, the oil ministry has said.
Djerassem Le Bemadjiel, Chad’s oil minister, told a news conference on Saturday that the move was “to avoid further environmental degradation, not to make place for other companies”.
The China National Petroleum Company (CNPC) was forced to suspend operations in Chad in May after refusing to pay a fine of $1.2bn for “unacceptable practices” that had led to “noxious spills” around drilling sites.

ST

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