Climate Change

Sunday, August 27, 2006

AMERICANS MUST LEAVE

Available from: http://www.news24.com/News24/Africa/News/0,,2-11-1447_1988908,00.html

I think this kind of headlines will become more frequent the next decade. Lets wait and see

Chad's President Idriss Deby Itno has ordered the foreign oil firms ChevronTexaco and Petronas to leave the country for non-payment of taxes.
According to national radio reports, Deby told the firms to be out by Sunday.
"From tomorrow, representatives of Chevron and Petronas must leave Chad and close their offices for not respecting their commitment in accordance with clauses relating to the payment of taxes on the companies," said Deby in a speech to government and political leaders on Saturday.
The major United States company, ChevronTexaco, and Petronas of Malaysia are two of three members of a consortium extracting the central African country's oil resources.
Their departure would leave the US oil giant ExxonMobil and the Chadian government to tap the resources together "while waiting to find a solution with the two other partners", said Deby.
In a bid to increase Chad's own share of its oil revenue, Deby told his government on Wednesday to renegotiate the contract it signed with the US-Malaysian consortium in 1988.
A source in the oil ministry said the state would use the Chad Hydrocarbons Company to try to enter the consortium.
Deby said on Saturday that three ministers involved in the deal would cease work and go before judicial authorities "to answer for their acts".
He did not name the ministers and no further details are available.
Oil has been flowing in the Doba basin in southern Chad since 2003.
Chad, which produces less than 200 000 barrels of oil a day, saw its gross domestic product leap 40% after oil production began in 2004.


PLAGIARISM DECLARATION
1.I know that plagiarism is wrong. Plagiarism is to use another’s work and to pretend that it is one’s own.
2. I have used the CSE/CBE convention for citation and referencing. Each significant contribution to, and quotation in this project from the work, or works, of other people has been attributed, and has been cited and referenced.
3. This assignment is my own work.
4. I have not allowed, and will not allow anyone to copy my work with the intention of passing it off as his or her own work.

2 Comments:

  • Interesting, I did not even know that Chad was an oil-producing country, but not surprise that the big companies behave like this - it seems to become an increasing norm.

    By Blogger Rich Knight, at August 30, 2006 11:08 AM  

  • Look out for the documentary called 'The Corporation'. I am told that this documentary takes the legal practice of treating a corporation as a person and proceeds to analyse what type of person a corporation is. I feel that this topic could be very interesting...

    By Blogger Gwen, at September 01, 2006 8:14 AM  

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