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[DOC] ExxonMobil’s Rights and Obligations in Relation to the Payment of Oil Revenues Demanded by the Government of Chad

ExxonMobil now finds itself in a critical position—it must decide whether to comply with Chad’s demand to deposit oil revenues into the designated bank, thereby undermining the central poverty reduction principles of the Revenue Management Program... ExxonMobil is not in a legal straightjacket with respect to Chad’s demand that oil royalties be paid into an unsupervised bank account, outside the supervision of the World Bank. Rather, ExxonMobil possesses several legal avenues which it may, and should, pursue, to ensure that Chad fulfills its obligations... [also refers to Chevron, Petronas, Unocal (part of Chevron), IWL Communications (CapRock Communications), Fluor Daniel (Fluor), Kellogg Brown & Root (part of Halliburton)]

Part of the following stories

Unocal lawsuit (re Myanmar)

Publish What You Pay coalition calls on oil firms to resist Chad's demands to pay revenues directly to govt. rather than to escrow account used for poverty reduction