In a statement on Friday, the British independent energy company described the actions of the Republic of Chad as a breach of the conventions to which Savannah Chad and the country, amongst others, are parties.
The President of the Republic of Chad had on March 23, 2023, said it was nationalising SCI formerly known as Esso Exploration and Production Chad Inc, an upstream production firm in Chad. Savannah Energy Chad Limited completed the acquisition of EEPCI on December 9, 2022.
“The conventions are subject to the jurisdiction of an ICC tribunal, seated in Paris and the company intends to pursue all of its legal rights.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Source: Energy Industry News (energyindustrynews.net)
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