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Chevron was granted its oil concession in 1974, shortly after the agreement on southern autonomy ended the separatist war in the south.
Chevron sold out in 1992 as the Sudanese government began to look for a way out of its serious economic decline: in 1990 the government, defaulting in debt service payments on the staggering debt incurred by President Nimeiri, was suspended by the IMF, a blow to its ability to borrow money.
The SPLM/A opposed the oil developments in Heglig and Unity, the relationship between Chevron and the government of Sudan was tense, and the civil war as well as the government’s political and economic difficulties kept the country perpetually unstable and an ongoing investment risk.
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