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The renegotiation of the terms and conditions for the $1.45 billion loan Glencore granted Chad in 2014 to purchase Chevron's Doba basin assets has been signed in Paris. The new deal was in no small part made possible thanks to [. [...]
Idriss Deby's now ex minister of finance, Christian Georges Diguimbaye, has been shown the door, along with secretary of state [...]
The Chadian president appears to have won over the trading giant to revise the terms of the loan granted to the country. [...]
Chadian president Idriss Deby and his wife Hinda have ousted any managers with experience in oil to bring in their allies. [...]
Already reeling from the collapse in the oil price, Chad is now dealing with disaster of another sort: the need to repay a debt to Glencore. In 2014, the trading group lent $1.45 billion to Chad to buy out Chevron's [. [...]
Chad’s Idriss Deby can boast about finding a way to buy out Chevron’s stake in the Doba project but the big winner in the operation is Glencore upon which Chad is increasingly dependant because of the possibility the country’s oil [. [...]
With production on the country’s Doba feels sinking little by little, Chad president Idriss Deby is being forced to find fresh oil revenue in the short and medium term. In re-negotiating rights on Exxon’s concession, putting new fields into production [. [...]
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