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Chad seeks to stabilise finances as IOCs look for buyers
Chad’s upstream sector is experiencing renewed interest thanks to asset sales, an upturn in crude output which the government says rose to 126,000 b/d in H1 2019, and an agreement with the International Monetary Fund (IMF) that has helped to stabilise the oil-dependent economy. While production peaked at 180,000 b/d in 2005, the Chad-Cameroon export pipeline has 225,000 b/d capacity, offering significant space for new players.
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