Chevron Corp. confirmed Tuesday that a tax dispute with the government of Chad has imperiled its involvement in a multibillion dollar oil project in the African country.
Chad's leaders demanded that Chevron leave the country in a notice delivered Monday, according to the San Ramon-based company.
The paperwork continues the fallout from a squabble that emerged over the weekend when Chad President Idriss Deby told Chevron and Malaysia-based Petronas they owed $450 million in taxes. Deby also suspended three government officials who negotiated the deals that allowed the companies into Chad.
Chevron maintains it has met all its outstanding tax obligations.
The company paid $31.9 billion worldwide in taxes last year, when its revenue totaled $198 billion.
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Chevron Is Likely to Be Aggrived
A tax dispute between Chevron Corp. and the government of Chad has imperiled its involvement in a multibillion dollar oil project
