Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Chad denies sale plans for export pipeline

SHT has denied reports that it is in talks with Cameroon's SNH on the sale of a stake in an export pipeline from Chad.
The Chad-Cameroon pipeline Source: ExxonMobil

Chad has no plans to sell a stake in its export pipeline to Cameroon, Société des Hydrocarbures du Tchad (SHT) has said in a statement.

Chad’s SHT was responding to a story in Africa Intelligence published in February.

The company said the suggestion was baseless and the report was intended to harm Chad’s image. There have never been talks on this issue, it said.

Furthermore, the Chadian government has not directed sales plans to be launched.

Africa Intelligence had reported an offer of 150 billion Central African francs ($275 million) from Cameroon’s Société Nationale des Hydrocarbures (SNH). Cameroon’s NOC intended to acquire SHT’s 21% stake in the 1,070 km pipeline.

The report quoted correspondence to SHT, via Galileo Negoce & Conseil. The two sides first discussed such a sale in 2018, it said, involving SNH and the Chadian government.

Chad has faced mounting fiscal challenges, given oil price difficulties and production declines. The country called to restructure its debt at the end of January. It has no public debt but owes a considerable amount to Glencore.

Chad and the trader had agreed to a restructuring in early 2018.

SHT acquired a 25% stake in the Doba consortium from Chevron in 2014 for $1.3 billion. ExxonMobil and Malaysia’s Petronas also hold equity in the upstream and pipeline assets. Both foreign companies were considering sales in 2020, according to reports.

Recommended for you

More from Energy Voice

Latest Posts