Second Eye Africa
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts
No Result
View All Result
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts
No Result
View All Result
Second Eye Africa
No Result
View All Result
Home News

Chad Sets Ambitious Goal to Boost Oil Output to 250,000 Barrels per Day by 2030

The target represents nearly a 70% jump from the current output of about 140,000 bpd, following years of declining production caused by ageing oil fields, limited investment, and inadequate infrastructure.

by Justus Ontita
November 3, 2025
in News
Reading Time: 1 min read
A A
Chad Sets Ambitious Goal to Boost Oil Output to 250,000 Barrels per Day by 2030
175
SHARES
1.3k
VIEWS

Chad has unveiled a new 2025–2030 Oil Sector Strategy aimed at sharply increasing crude production to 250,000 barrels per day (bpd) within the next five years, as the country moves to revive a sector that remains central to its economy.

The target represents nearly a 70% jump from the current output of about 140,000 bpd, following years of declining production caused by ageing oil fields, limited investment, and inadequate infrastructure.

More Related Articles

World Bank Approves $200 Million to Strengthen Ethiopia’s Safety Net Program

President Mahama: Africa’s Prosperity must go global

Under the new roadmap, the government plans to accelerate exploration and production activities, upgrade midstream assets such as transport and storage infrastructure, and expand refining and distribution capacity to strengthen the entire value chain. The strategy also prioritizes regulatory and institutional reforms to improve transparency, efficiency, and investor confidence in the petroleum sector.

Oil remains Chad’s economic backbone, accounting for roughly 60% of export revenues. Authorities believe the new strategy could help reverse the production slowdown, support fiscal stability, and stimulate broader economic growth. Forecasts suggest economic expansion could reach 5.3% in 2025, supported by renewed momentum in the oil industry.

While the goal is considered ambitious, especially given global energy transition pressures and competition for investment, the government insists that better governance and modernization of the sector will be key to unlocking the country’s full production potential.

Previous Post

Air Burkina Expands Fleet as it Accelerates Efforts to Restore National Connectivity

Next Post

Guinea and UN Launch $35 Million Plan to Strengthen Food Security

Related Articles

World Bank Approves $200 Million to Strengthen Ethiopia’s Safety Net Program
News

World Bank Approves $200 Million to Strengthen Ethiopia’s Safety Net Program

The World Bank has approved $200 million in financing for a new phase of social protection support in Ethiopia under...

Read more
President Mahama: Africa’s Prosperity must go global
News

President Mahama: Africa’s Prosperity must go global

President John Dramani Mahama, Second Eye Africa  Africa stands at a historic crossroads. SMEs account for more than 80% of...

Read more
Next Post
Guinea and UN Launch $35 Million Plan to Strengthen Food Security

Guinea and UN Launch $35 Million Plan to Strengthen Food Security

© 2025 – Second Eye Africa | Site by Mark & Ryse
No Result
View All Result
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In