It did not explain why the canada goose outlet toronto factory

April 12, 2018

75 billion fine for its Chad consortium

oil major homesite over 44 trillion CFA francs ($75 billion) nearly four times canada goose store BP record Canada Goose Jackets Deepwater Horizon settlement over unpaid royalties.

The logo of Canada Goose online Exxon Mobil Corporation is shown canada goose outlet store locations on a monitor above Canada Goose Coats On Sale the floor of the New York Stock Canada Goose Outlet Exchange in New York, December 30, 2015. canada goose clearance REUTERS/Lucas Jackson/File Photo

disagree with the Chadian court ruling and are evaluating canada goose replica next steps, Exxon media advisor Todd Spitler said in an emailed response canada goose coats on sale to a Reuters request for comment.

Malaysian state oil firm Petronas and Chadian oil company SNT, the two other consortium members, were cheap Canada Goose not immediately reachable canada goose black friday sale for comment.

The court judgment released on Wednesday found that canada goose deals the companies owed nearly 484 billion CFA francs in royalties to the Chadian government. It did not explain why the canada goose outlet toronto factory penalties canada goose amounted to more than 90 times that amount.

The court document also stated that the companies expeditionparkaoutlets were required to pay roughly $670 million pending any eventual appeal or redress they might choose to pursue.

Officials from Chad Canada Goose sale finance ministry and customs 2018 canada goose outlet office declined to comment on the court decision, which resulted from a complaint brought by the ministry.

Sources in the finance ministry have previously said that the unpaid royalties stem from a dispute over fees.

The finance ministry, they said, Canada Goose Online is seeking a 2 percent royalty fee from the consortium, a rate the defendants have said is higher than the agreed level.

dispute relates to disagreement over commitments made buy canada goose jacket cheap by the government to the consortium, not the government ability to impose taxes, Exxon Spitler said.

is vital for all Canada Goose Parka parties to buy canada goose jacket honour the terms of a contract and abide by applicable law in order to achieve the desired long term benefits envisioned when projects begin, he said.

Chad became an oil producer in 2003 and produces around 120,000 barrels per day that it exports via pipeline through Cameroon.

Like many oil dependent African canada goose clearance sale nations, Chad has been hit hard by a drop canadian goose jacket in crude prices. Its economy is expected to contract by 1.1 percent this year, according to the International Monetary Fund.

Reporting by Madjiasra Nako; Additional reporting and writing canada goose coats by Joe Bavier in Abidjan, editing by David Evans.

Posted in News by Dr. Mohamed Nuri Hamdoun