Middle East / Africa

Chad flag
Summary | Profile

Country profile: Chad

Location: Central Africa, south of Libya
Climate: tropical in south, desert in north
Terrain: broad, arid plains in center, desert in north, mountains in northwest, lowlands in south
Size: 1 sq. km total (Land area: 1259200 sq. km  Water area: 24800 sq.km)
Population: 10,111,337 (July 2008 est.)
Languages: French (official), Arabic (official), Sara (in south), more than 120 different languages and dialects
Government: republic
Capital city: N'Djamena
Legal system: based on French civil law system and Chadian customary law; has not accepted compulsory ICJ jurisdiction
Currency: Communaute Financiere Africaine franc (XAF); note

Country profile

In the last three years, Chad’s economy has experienced strong economic growth from its oil industry. In 2004, foreign investments into Chad and petroleum exports via the Chad-Cameroon pipeline were the primary driving forces behind the country’s considerable real gross domestic product growth (GDP) rate of 30 percent. In 2005, high oil prices attributed to Chad’s GDP growth rate of 7 percent. Investments in Chad’s oil industry have led to growth in other areas as well, such as the trade, transportation, and public services sectors. Additional economic growth is expected to come from foreign investment in new oil exploration licenses that are to be offered in 2007. Although oil production was not impeded, Chad experienced civil strife throughout 2006, which included rebel forces marching on the capital, N’Djamena.

Cameroon’s economy has exhibited steady economic growth since the mid 1990’s. However, the country saw a slight decline in real GDP growth after the completion of the Chad-Cameroon pipeline. In 2005, the real GDP growth rate was 2.6 percent. High energy prices have helped offset economic growth declines, but they have also increased inflationary pressures in Cameroon. In 2005, inflation was 2 percent. In May 2006, the International Monetary Fund (IMF) and the World Bank indicated that Cameroon had completed its obligations under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Cameroon will now receive more than $1 billion in bilateral debt relief and additional multilateral aid, which together, will provide a 50 percent reduction in the country’s total external debt.

Chad became a net petroleum exporter after the Chad-Cameroon pipeline came online in 2003. Industry experts still consider Chad under-explored, and future oil discoveries could increase petroleum exports even more. Chad lacks refining infrastructure and relies on neighboring Cameroon and Nigeria for refined product imports, however, delivery problems often leave Chad faced with refined product shortages. Chad has no known natural gas reserves and neither produces nor consumes natural gas. Due to a lack of investment, Chad generates and consumes only small amounts of electricity, of which, 100 percent is conventional thermal electricity. In place of electricity, the majority of Chadians rely on biomass fuels such as wood and animal dung.

Cameroon has experienced a fairly steady decline in its domestic oil production over the past 20 years. The country is still a net oil exporter, but if new fields do not come online in the near future, Cameroon could become a net oil importer. Currently, Cameroon does not produce any natural gas, but the country has plans to develop its natural gas reserves for generating electricity in the future. The majority of electricity generated in Cameroon comes from hydroelectric power stations, though droughts can often leave the country dealing with electricity shortages.

Energy production and consumption

Oil Gas
Production: 176,700 bbl/day (2005 est.)  
Consumption: 1,350 bbl/day (2005 est.)  
Exports: 170,000 bbl/day (2004 est.)  
Imports: 1,316 bbl/day (2004 est.)  
Reserves: 1 billion bbl (1 January 2006 est.)  
Major fields:

Chad - recent news

26 May 23
Chad/Cameroon: Savannah Energy provides COTCo update
As previously announced, the share purchase agreement with PETRONAS (E&P) Overseas Ventures for a wholly owned affiliate of Savannah to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon was terminated by mutual agreement on 13 December 2022. PETRONAS has informed Savannah that it has now completed the sale of these assets to Societe des Hydrocarbures du Tchad, the national oil company of Chad.
24 Mar 23
Chad: Savannah Energy provides Chad upstream asset update
Savannah Energy notes the Decree issued by the President of the Republic of Chad dated 23 March 2023, nationalising Savannah Chad Inc’s ('SCI') (formerly Esso Exploration and Production Chad Inc ('EEPCI')) upstream production assets in Chad. On 9 December 2022 Savannah Energy Chad completed the acquisition of EEPCI.
14 Dec 22
Chad/Cameroon: Savannah Energy announces termination of SPA for PETRONAS' Chad and Cameroon portfolio
On 13 December 2021, Savannah Energy announced that it had entered into a Share Purchase Agreement ('SPA') to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon. Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied and the SPA has been terminated.
12 Dec 22
Chad/Cameroon: Savannah Energy completes acquisition ExxonMobil's Chad and Cameroon assets
Savannah Energy has announced the completion of its acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets.
29 May 22
Chad: Savannah Energy signs agreement with the Government of the Republic of Chad for new renewable energy projects
Savannah Energy has signed an agreement with the Ministry of Petroleum and Energy of the Republic of Chad for the development of up to 500 megawatts of renewable energy projects supplying electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad, and the capital city, N'Djamena.

Chad - more news

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