Chad halts chinese oil firm operations over environmental violations
Chad suspends operations of Chinese oil firm
Regulatory action follows environmental non-compliance by state-backed Chinese company, prompting nationwide audit of oil sector
The Government of Chad has suspended operations of the China National Petroleum Corporation International (CNPCI), a state-owned Chinese oil company, in mid-August due to violations of national environmental regulations. The decision was immediately followed by an announcement from the Minister of Petroleum to conduct a comprehensive audit of all oil companies operating within the country’s borders.