Chad’s Petro-Chemical Market Attracting Worldwide Investors
Chad is a very oil rich country. The country has one billion barrels of crude oil reserves. That is why, the top trading countries are investing in Chad's petrochemical market in order to meet the growing demand of crude petroleum oil. It is ranked 10th largest crude oil exporter among the African countries besides Cameroon, Gabon, Angola, Congo and Equatorial Guinea. The Chad government has extended its oil pipeline from Chad to Cameroon with the capacity of 225,000 barrels per day. As per Chad export data reports, Chad's petrochemical market saw an increase of 14% in 2022. In 2020, Chad's total petrochemical exports were around 1 billion USD. On the other hand, it was around 2.4 trillion USD in 2022. Our Chad Shipment data suggests that total petrochemical exports shipments were around 205 million tonnes in 2022. According to the Chad import export data reports, Chad's most of the oil exports were to China, France, Taiwan, Germany, and India. China National Petr...