Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its permits. Chad began producing oil in 2003 and Exxon has been operating in the country for decades. Tensions have risen in recent months with protests against the government of President Mahamat Idriss Deby.

submitted by Orangutan from apnews.com

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[–]notafed 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Oh goody. Now we can see nationalization in real time!

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

We have seen it in Venezuela. And we have the benefit of seeing how it ages.

[–]notafed 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Another example for the ages.