Cameroon

Savannah Energy Acquires Exxon’s 672-Mile Chad-Cameroon Pipeline

Exxon Mobil Corp. on Friday closed a $407 million sale of its operations in Central Africa's Chad and Cameroon to London-listed firm Savannah Energy Plc. The deal will see the British firm will take over Exxon's 40% indirect interest in the Chad-Cameroon export transportation system — a 1,081-km (672-mile) pipeline and floating storage and offloading facility offshore in Cameroon. Savannah has operated in Nigeria and Niger.