Browsing: Oil investment

Revenues from the booming oil sector are transforming Chad into an attractive place for businesses and trades. www.theexchange.africa

The major petroleum groups had long been reluctant to become involved in Chadian oil fields. The fields in the central/western and northern parts of the country were located in areas of chronic insecurity.

Then, an unprecedented arrangement was made. The World Bank agreed to finance using public funds. The pipeline would later allow the private operators Exxon, Chevron, and Petronas to transport their crude oil to the Cameroonian port of Kribi. This would enable shipping to European or American refineries, where the oil could be offered on the market at prices that the cost of the transport infrastructure would not burden.

Chad faces military challenges on most of its borders which should be factored as a risk. In the west, in the region of Lake Chad, the army has been fighting the Nigerian Islamist group Boko Haram since 2015. On the border with Sudan, Eastern Chad has seen conflicts between different ethnic groups. Northern Chad is also unstable, sparsely populated, and difficult to control. Several Chadian rebel groups have set up their base in neighbouring southern Libya. Despite these problems, Chad’s armed forces are considered by many analysts to be the most effective in the Sahel.

As the country seeks an industry revival, Angola Oil & Gas 2021 will serve as the official meeting place and…