This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 5/15/2019

Overview

Chad ranks as the tenth-largest oil reserve holder among African countries, with 1.5 billion barrels of proven reserves as of January 1, 2013.  Petroleum is Chad’s primary source of public revenue, contributing approximately 60 percent of the national budget. Chad’s petroleum exports are produced primarily by the Esso Exploration & Production Chad Inc. (EEPCI) consortium and the China National Petroleum Company in Chad (CNPCIC). EEPCI signed a new agreement with the GOC to extend its operations until 2050. There are small oil companies doing exploration projects on new blocs. The Esso consortium began extracting oil from southern Chad in 2003.  The 1,100 km Chad-Cameroon pipeline carries Chadian oil exports through Cameroon to the port of Douala.  Canadian, British, Taiwanese, Russian, and Nigerian companies are currently working towards exporting oil from their respective fields via the consortium’s Chad-Cameroon pipeline.  A joint venture between the Government of Chad’s state-owned oil company, Societé des Hydrocarbures du Tchad (SHT), and the CNPCIC refines petroleum for export and domestic consumption at a 20,000 barrel-per-day refinery 40 km outside N’Djamena.
 
Chad’s mining sector is underdeveloped and the country’s mineral resources are under-explored.  The only mineral currently exported from Chad is sodium carbonate, also known as natron.  According to a 2010 geologic survey by the Government of Chad, Chad may contain deposits of gold, silver, diamonds, quartz, bauxite, granite, tin, tungsten, uranium, limestone, sand, gravel, kaolin, and salt. 

The Government of Chad created the National Mining and Geology Company (SONAMIG) with the aim to boost the mining sector that remained unexplored and unexploited. The SONAMIG allows the State to organize and to manage minerals through mining protection, realization of the geological mapping and mining inventory projects, rational financial mobilization and the establishment of the counters for the Gold trade.
Chad’s natural gas sector is also largely underdeveloped.  Less than 1 percent of Chad’s 999.5 billion cubic meters of proven natural gas reserves are exploited for domestic consumption, Chad is not an exporter of natural gas. 

 

 

 

 

 

 

2016

2017

2018

2019 (Estimated)

Total Local Production

127,775 bpd

112,365 bpd

128,854 bpd

146,770 bpd

Total Exports

N/A

N/A

N/A

N/A

Total Imports

N/A

N/A

N/A

N/A

Imports from the US
 

N/A

N/A

N/A

N/A

Total Market Size

 

 

 

 

Exchange Rates

 

 

 

 

(total market size = (total local production + imports) - exports)

Leading Sub-Sectors

Leading sub-sectors in oil and gas exploration include:  geological surveying; maintenance of oil facilities; oil drilling rigs and accessories; oil exploration; pipeline construction/maintenance; security fences and other security measures; seismic mapping; storage tanks; and trucks, cranes, and related equipment.  In addition, some U.S. companies have expressed interest in fuel marking and distribution.

Opportunities

There are opportunities for petroleum producers in oil exploration, refinery as the GoC aims to increase oil production by 2030.  Companies interested in oil exploration in Chad should contact the Minister of Oil and Energy directly with a detailed proposal and evidence of past experience.  There are also opportunities to contract for various stages of production.  There are also opportunities in Chad’s underdeveloped mining and natural gas sectors with the creation of the National Mining and Geology Company (SONAMIG) that aims to boost the unexplored and unexploited mining sector. The SONAMIG allows the State to organize and to manage minerals through the mining protection, realization of the geological mapping and mining inventory projects, the rational financial mobilization and the establishment of the counters for the Gold trade..

Web Resources

CIA World Fact Book on Chad 
U.S. Geological Survey 2012 Report on Chad  
Website of the Ministry of Energy and Petrol  

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