Exxon Settles Dispute With Chad, Avoiding $74 Billion Fine
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Exxon Mobil Corp. reached a settlement with Chad over tax payments, avoiding a $74 billion fine the Central African country had imposed on the oil major.
The deal also means that Exxon will be able to keep its exploration permit in the country through 2050, Chad Petroleum Minister Bechir Madet said after a meeting with Christian Lenoble, the head of Exxon in the country.