Savannah Energy has said that it will legally contest Chad’s intentions to seize its assets. The Republic of Chad’s conduct, according to a statement released by the British independent energy business, violated conventions to which Savannah Chad and the nation, among others, are parties.
The President of the Republic of Chad announced that SCI, an upstream production company in Chad formerly known as Esso Exploration and Production Chad Inc, would be nationalized.
Savannah Energy Chad Limited finalized the purchase of EEPCI. The Republic of Chad issued this Presidential Proclamation, despite the fact that, while SCI was operating, the historic output fall was promptly reversed, with everyday production increasing.
