Posts Tagged ‘famine’

Chad: Oil money, hungry people

Doba field, Chad. Photo: Esso Chad

Today Chad is facing a food crisis. An alarming number of people are hungry and sick in the northern part of the country.

The Guardian ran a story recently on the dire situation, Chad’s malnourished children offer stark illustration of Sahel food crisis.

Strangely, the article doesn’t mention the fact that Chad is an oil producing nation with sizeable oil revenues.

Chad earned more than US$2 billion in 2011 from the ExxonMobil Doba fields project. As I’ve reported, by 2008 Chad had already earned more than US$8 billion from the Chad-Cameroon oil development project. China is also drilling and refining oil in Chad. I don’t have figures for Chad’s earnings from Chinese drilling, and the Chinese-built and 60% owned refinery has been mired in conflict since it opened in June 2011. But the point remains: Chad has oil revenues, but apparently there’s not enough money to deal with the food crisis.

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