Chad seeks to stabilise finances as IOCs look for buyers
- 27 Sep 2019
Chad’s upstream sector is experiencing renewed interest thanks to asset sales, an upturn in crude output which the government says rose to 126,000 b/d in H1 2019, and an agreement with the International Monetary Fund (IMF) that has helped to stabilise the oil-dependent economy. While production peaked at 180,000 b/d in 2005, the Chad-Cameroon export pipeline has 225,000 b/d capacity, offering significant space for new players.
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