Offshore

ExxonMobil sentenced to pay fine of USD 76 billion in Africa

US-based oil major ExxonMobil has been sentenced to pay a fine of approximately USD 76 billion by a court in the African nation Chad. The fine is greater than what British oil company BP paid in relation to the Deepwater Horizon scandal.
Photo: /ritzau/LM OTERO
Photo: /ritzau/LM OTERO
BY RITZAU FINANS

An oil consortium, headed by US-based ExxonMobil, has been sentenced to pay a fine of approximately USD 76 billion by a court in the African country Chad. The fine is a result of a dispute over unpaid royalties to the government, writes Financial Times.

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