How come the Malaysian news have not reported on this yet?
The Chad government has given a 24 hours ultimatum to both Petronas of Malaysia and ChevronTexaco of USA to move its staff out of the country and close their offices. It's a real blow to both companies. Reason for the immediate clearance as mentioned was due to non-compliance to tax obligation matters. Other sources claimed that the removal was to make way for the entrance of China companies into the picture as reported in BBC News/Africa & CNN News.
In Sudan itself, China companies are making headways too. China's top government officials recent visits to a number of African countries are actually paving ways for China companies' path into the largely untapped markets. Apparently, Chad just resumed its international tie with China 3 weeks ago.
Tags: Chad, Petronas, ChevronTexaco, China, Oil
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