Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:51, September 12, 2006
Chevron to pay additional tax to maintain presence in Chad
font size    

Chevron Corp. has agreed to pay additional taxes to the government of Chad, and in return it will be allowed to stay in an international consortium producing oil in the central African country, The Wall Street Journal reported on Monday.

Dieudonne Djonabaye, head of communications for the Chadian president's office, was quoted as saying that Chevron has committed to pay the taxes "in the coming days."

But the spokesman didn't say how much Chevron had agreed to pay.

Meanwhile, Chevron declined to comment on talks with Chad.

Chad's president, Idriss Deby, in late August ordered Chevron and Malaysia's Petroleum National Bhd., or Petronas, out of the country, saying they failed to pay back taxes amounting to 450 million dollars.

Consortium members Exxon Mobil Corp., Chevron and Petronas financed a 4.2-billion-dollar, 657-mile pipeline from Chad to Cameroon's Atlantic port of Kribi. Chevron has a 25 percent stake in the pipeline consortium, while Petronas has a 35 percent stake and Exxon Mobil has a 40 percent stake. The pipeline has a capacity of transporting 225,000 barrels a day.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved