Chad annuls CNPC licenses in dispute over $1.2 bn fine

N’DJAMENA, Chad (Bloomberg) -- Chad withdrew the licenses of China National Petroleum Corp.’s local unit after saying the company failed to pay a $1.2 billion fine for environmental violations. The government and oil exploration company failed to agree on the payment and the licenses were annulled, Ministry of Energy spokesman Bertin Djim said.


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Chad annuls CNPC licenses in dispute over $1.2 bn fine Chad annuls CNPC licenses in dispute over $1.2 bn fine Reviewed by Crude Oil Brokers on 17:23 Rating: 5

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