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Revenues and Allocations Table 2007
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Chad Oil Revenues and Allocations | | 2003-2004 | 2005 | 2006 | | cum | | 2007 | EXPORTS | | Oil Exports (millions of barrels) | 69,91 | 63,26 | 55,89 | 52,67 | 241,73 | REVENUES(US$ mil.) | | Direct Revnues | 134,552,266.94 | 265,315,271.90 | 284,402,943.14 | 316,550,683.30 | 999,821,165.28 | | Indirect Revenues | 0 | 528,010.00 | 2,511,644.00 | 1,848,680.00 | 4,888,334.00 | | Others | 149,262.00 | 589,461.00 | 1,444,766.58 | 575,172.76 | 2,758,662.34 | | Total Direct Revenues | 134,701,528.94 | 265,432,742.90 | 288,359,353.72 | 318,974,536.06 | 1,007,468,161.62 | | Share Premium | 11,859,909.40 | 10,129,829.00 | 6,945,642.00 | 9,210,101.21 | 38,145,481.61 | | IncomeTax (TOTCO) | Â | 4,116,866.00 | 10,535,124.26 | 5,666,635.36 | 20,318,625.62 | | Income Tax (Upstream) | Â | Â | 443,808,147.52 | 860,412,787.69 | 1,304,220,935.21 | | Total Indirect Revenues | 11,859,909.40 | 14,246,695.00 | 461,288,913.78 | 875,289,524.26 | 1,362,685,042.44 | | Total Revenues | 146,561,438.34 | 279,679,437.90 | 749,648,267.50 | 1,194,264,060.32 | 2,370,153,204.06 | | | | | | |
Updated on May 19, 2008. 1 | Indirect revenues are paid directly to Chad’s treasury.
In March 2007, a new stabilization mechanism was put in place so that oil revenues in excess of those earmarked in the budget law can be invested. According to the principles that guide the mechanism, starting in March 2007, indirect revenues are deposited in the “Indirect Revenues Account at the Central Bank (BEAC), and follow certain allocation rules. Those allocations are not reflected in the table above. |
SOURCES: Chad Ministries of Petroleum and Finance; Escrow Accounts at Citibank, Esso
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