What I can’t work out though is who is making the mistake here.
Chad’s oil exports are some $2.5 billion a year. Sure, the price was double a couple of year’s back, but they’ve only been pumping since 2003. and that $2.5 is all oil, not just Exxon.
The argument appears to be about a 2% or 0.2% royalty.
And yes, fines there are twice whatever the sum in dispute is.
But $74 billion still looks more like the total value of all oil ever pumped than any sum that could possibly be in dispute.
So, who has fucked up here? Bloomberg, the original source of the report? Or Chad?