1 September 2003
About to join the exporters
AFRICA will have a new oil exporter in October or November, when the first tanker-load of crude from Chad leaves a new export terminal at Kribi, Cameroon. ExxonMobil started to fill the 1,070-km pipeline linking landlocked Chad to the Atlantic coast across Cameroon in late July. The first consignment was being offered by Petronas, a 35% participant in the venture; ExxonMobil, the operator, holds 40% and ChevronTexaco has 25%. The oil will flow from Miandoum, the first of three fields being developed in the Doba basin of southern Chad. Initial production of 50,000 barrels a day (b/d) will rise to the plateau rate of 225,000 b/d by the end of the year, when the Bolobo and Komé fields are on st
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