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re: Chad says it has nationalized all assets owned by Exxon Mobil
Posted on 3/24/23 at 12:23 pm to ragincajun03
Posted on 3/24/23 at 12:23 pm to ragincajun03
Production has fallen significantly since it first came online. Was over 100k bbl/day at one time. In addition, the oil has a high calcium content with only two refineries being able to process it. One being in Rotterdam (shell) and the other being ExxonMobil refinery in Baton Rouge. The price per bbl had to be heavily discounted to send it anywhere else since it would foul up the other refineries quickly.
Good luck getting that oil to market with only one buyer.
Good luck getting that oil to market with only one buyer.
This post was edited on 3/24/23 at 12:26 pm
1
Posted on 3/24/23 at 12:25 pm to OilfieldTrash
China will figure it out.
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