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Project Update

As of September 30, 2006, Chad had earned a cumulative total of $ 754 million in gross direct and indirect revenues from the export of 175 million barrels of oil since production began.

Since production began in 2003, $597 million have been transferred to the country, $410 million of which to go towards investments in education, health, agriculture, and transport,  among other sectors.

Allocations (cumulative)                                            

end-Sept. 2006

Priority Sectors*

$410.4 million

Oil-producing Region

$122.1 million

General Budget

$28 million

*  On July 13, 2006, the Government of Chad signed an agreement with he World Bank which brought changes to how revenues would be allocated to priority sectors. Click here for more details. 

(updated November 20, 2006)




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