Posts Tagged ‘Chinese National Petroleum Corporation’

Will the Chinese use the Chad-Cameroon pipeline?

In this photo released by China´s Xinhua news agency, Chinese President Hu ...

I just stumbled across an interesting bit of news.  China and ExxonMobil may do business together in Chad.  I said, “may,” not “will,” but this could be a significant development.

It is fascinating the way information about the Chad-Cameroon pipeline is revealed. It’s really difficult to get interviews with government or oil company officials. I’ve tried off and on for months, to no avail.  So for some information I watch what comes through the (state-run) press.  Nothing is straightforward. Items often appear about events that occurred months earlier, for seemingly no reason, but sometimes interesting little nuggets of information are mentioned in passing.

If you’re not paying attention, they are easily overlooked. For example, a few days ago,  the Cameroon Tribune (government publication) ran an article about the pipeline with the headline, “36.75 million barrels of oil and 7.6 billion Francs” (That’s about US$ 17 million.)

The article, basically  highlights from the October 2010 Pipeline Steering and Monitoring Committee report, began with details on the quantity of oil that had transited across Cameroon during the first ten months of 2010, along with information on the transit fees. Apparently less oil was pumped in 2010 than in 2009. Okay. Chances are if you weren’t following the pipeline story you wouldn’t even read beyond the headline.

Yet, several paragraphs down, the article contained some intriguing information.

Continue reading . . .

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