Chad's oil industry, with its output of 160,000 barrels a day, is tiny compared with Venezuela's and Russia's. But Chad - the world's fifth poorest country according to UN statistics - wants to exert more control over its natural resources. The president, Idriss Déby, recently announced he was kicking the US oil company Chevron and Malaysian player Petronas - who together own 60% of the consortium running Chad's $4bn pipeline - out of the country for non-payment of taxes, a charge both compan...read more
Chad's oil industry, with its output of 160,000 barrels a day, is tiny compared with Venezuela's and Russia's. But Chad - the world's fifth poorest country according to UN statistics - wants to exert more control over its natural resources. The president, Idriss Déby, recently announced he was kicking the US oil company Chevron and Malaysian player Petronas - who together own 60% of the consortium running Chad's $4bn pipeline - out of the country for non-payment of taxes, a charge both companies deny.