Chad's ExxonMobil Workers Strike, Reducing Crude Output
June 28 2021 - 4:40AM
Dow Jones News
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Crude-oil production by Exxon Mobil Corp. in Chad has been cut
for a fourth straight day, owing to protests by workers at the oil
giant's unit in the Central African nation, according to reports on
Monday by Chad's state television.
The workers are protesting that ExxonMobil is in negotiations to
sell its 40% stake in the consortium exploiting Chadian crude and
leave the country without paying them compensation, Tele Tchad
reported.
"Since Friday, Chadian operators of the control room have
stopped their machines on the oil-drilling platform of Kome 5," the
television said.
Local media reported that Chad's daily production of 120,000
barrels of oil will be reduced by a third by the protests.
The Chadian staff at ExxonMobil are demanding compensation from
the company before it sells its shares to Britain's Savannah Energy
PLC
"We expressed our demands in six points, which we handed to the
management. Despite mediation between members of government and the
company's management, nothing has been done. So, we had no option
other than go on strike," said the workers in a statement.
Neither ExxonMobil nor the Chadian government could be
immediately reached for comment.
ExxonMobil, Chevron Corp. and Malaysia's Petronas are partners
in a venture which exports Chadian crude through the 1,080-long
Chad-Cameroon pipeline linking the Chadian oil fields of Doba to
Cameroon's Atlantic coastal town of Kribi.
Chad exported 44.72 million barrels of crude oil in 2020, a rise
of 4%, compared to exports of the year before, according to figures
from the Cameroon-based Pipeline Steering and Monitoring
Committee.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
June 28, 2021 04:30 ET (08:30 GMT)
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