Chad recalls envoy to Cameroon as dispute over Exxon’s asset sale escalates

N’DJANEMA (Reuters) – Chad has recalled its ambassador to neighbouring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to Savannah Energy.

Chad said in a statement late on Thursday that the president of the landlocked Central African state decided to recall its ambassador due to “entrenched disagreements” over the sale.

Exxon closed the sale of its operations in Chad and Cameroon to Africa-focused oil and gas producer Savannah in a $407 million deal in December. But the Chadian government has challenged the agreement saying the final terms of the deal were different from what had been presented to it.

Chad has nationalized the assets on its side of the border, including Exxon’s share of the over 1,000 km (621 miles) Chad-Cameroon oil pipeline.

Chad said in the statement on Thursday that it had reached out to Cameroon to raise concerns about “unfriendly actions” by some Cameroon officials that were contrary to the interests of Chad in the board of the pipeline company, but did not get any response.

“Chad finds itself once again in the obligation to defend its interests and its respectability and denounces the repeated actions of Cameroon and its representatives which undermine, relations between the two countries,” the statement said.

“Consequently, Chad has decided recall its ambassador to Cameroon for consultation,” it added.

A Cameroon government spokesman, and the foreign ministry did not reply to requests for comments.

Savannah Energy has said it will pursue its legal rights over Chad’s decision to nationalize Exxon’s assets it had acquired.

The company said on Wednesday that it had sold a 10% stake of the share capital of the Cameroon Oil Transportation Company which owns and operates the 903km Cameroon section of the Chad-Cameroon pipeline to Cameroon national oil company (SNH).

According to the deal, Cameroon’s SNH will pay a cash consideration of $44.9 million to Savannah Energy. Chad said in its statement that it was not informed of this sale which was contrary to the status of the pipeline company.

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4 comments

  1. LRC IS INDEED A R-O-G-U-E STATE. Nothing more, nothing less.

    Chad is the newest victim of the crime syndicate ruling LRC.
    Unfortunately for LRC, Chad is not Ambazonia. The military of Chad can crush the BIRs within a month. That is the reason Dictator Biya has not and will never ever declare war against Chad.

    As a reminder, without the military of Chad, BOKO HARAM would have conquered LRC in 2013. That notwithstanding, the CRIMINALS ruling LRC had the balls to steal the assets of Chad.

    Thank ALLAH, Ambazonians will fight till the last man standing to rescue their motherland from the evil hands of the CRIMINALS ruling the rogue state called LRC.

    • Rumours abound that Dictator Biya will soon take the following measures to restore NORMALCY with Chad:

      1. grant Chad a so-called SPECIAL STATUS
      2. create a COMMISSION ON BILINGUALISM
      3. create a COMMISSION ON RECONSTRUCTION
      4. grant Chad a COMMISSION ON DISARMAMENT

      In case the above appeasement measures do not bring PEACE, Dictator Biya will declare war against Chad.

      THE FUTURE IS PREGNANT!!!!!!

    • Freedom is an idea. An idea can NEVER EVER be defeated MANU MILITARI.
      Simply put, the BIRs can NEVER EVER defeat the ambazonian quest for freedom. The war will continue until the last LRC terrorist is kicked out of Ambazonia DEAD or ALIVE.

      DO NOT SAY THAT YOU WERE NOT WARNED!!!!!!!

    • Trust LRC at your own peril. We have known that for decades. Chad is only realizing that now.