Oil price recovery eases Chad's gloom
Oil sector investment outlook remains uncertain for the landlocked central African country
Chad's potential to become a major African oil producer remains unfulfilled. But higher oil prices, improved global demand for low-sulphur oil and more cordial relations with the International Monetary Fund (IMF) offer some hope of better investment conditions. In 2011, with the oil price riding high, Chad's oil revenues totalled around $2bn, accounting for 76pc of government revenues. By 2015, those figures had slumped to just $200mn and 24pc, respectively, according to IMF data. Increasing demand for the low-sulphur content crude produced in the Doba Basin is one positive for Chad. Asian refineries are driving the thirst, as well as the switch to low-sulphur fuel oils in the shipping secto
Also in this section
3 June 2025
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
3 June 2025
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
2 June 2025
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
