Chad settles oil taxes dispute
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Chad resolves a row with two foreign oil companies after they agree to pay millions in overdue taxes.
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Looking to end the crisis in Darfur, France won agreement on Thursday from three involved African nations that they would not support armed rebel movements on each other's territories.
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Iraqi officials said Friday that a U.S.-backed draft oil law will soon be returned to the Cabinet for approval after Kurds agreed to a compromise revenue-sharing measure. But they said many key sticking points remain unresolved &#151; and not even addressed &#151; in the watered-down legislation.
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Oil prices ended above the $50-a-barrel mark on Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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N'DJAMENA  - Six French aid workers sentenced to hard labor in Chad for trying to kidnap 103 children will be returned to France on Friday under an accord between the two states, a Chad justice ministry official said.
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WASHINGTON - By agreeing to pay $30 million, Chevron Corp. has reached the largest of five settlements in the government's ongoing investigation of illegal kickbacks made to Iraq in connection with the United Nation's oil-for-food program.
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Halliburton Co. has finalized an agreement to resolve outstanding issues with a troublesome project off the coast of Brazil, the company announced Wednesday.
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Oil company reachs deal over 2005 refinery explosion, oil spill and propane price-fixing.
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WASHINGTON, Feb. 14  â Merck & Company agreed Wednesday to pay $2.3 billion to resolve several tax disputes, the Internal Revenue Service said.
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US Senator Barack Obama held talks in Chad with President Idriss Deby Itno on the crisis in Sudan's Darfur region and on Chad's oil production, on the final stop of the African-American politician's tour of the continent.
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Merck & Co. Inc.  will pay $2.9 billion to settle three tax disputes with the U.S. Internal Revenue Service, the drugmaker said on Wednesday, but another $1.76 billion dispute with Canadian tax authorities remains unresolved.
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Four Chadian rebel groups signed a final peace agreement with their government Thursday, three weeks after negotiating the preliminary deal.
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Neighbors Sudan and Chad pledged to redouble efforts to end border violence being fueled by Darfur's conflict, concluding their third agreement in 12 months to end hostilities and respect each other's sovereignty.
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Nigeria has formally handed over the oil-rich Bakassi peninsula to Cameroon in compliance with a World Court ruling and UN-brokered deadline, ending a 13-year feud between Abuja and Yaounde.
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Now that a Chadian court has handed down their conviction, the transfer of the six back to France to serve their sentences appears to be just a matter of time. Mending the damaged relations between France and Chad could take far longer
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Four months of quiet negotiations by France and several Arab countries paid off yesterday with the release of two French journalists kidnapped by an Iraqi extremist group in August.
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NEW YORK -- Oil prices settled at the highest level in more than two months yesterday, as concerns over declining product supplies outweighed traders' worries about volatile global stock markets.