Ngarta Tombalbaye1974
Oil is discovered in Chad
Chad · Government / Government of Chad. Chronological records rendered directly from the World History Database.
Oil is discovered in Chad
Oil in Chad is estimated to be at least 1 million barrels
Idriss Deby wins 70% of the vote, he defeats Abdelkader Wadal Kamougue, a southern leader who led coup in 1975
Chads Parliament passes into law an agreement for strict auditing of its oil income
The World Bank approves a $3.7 billion oil well and pipeline project led by Exxon and Mobile to link oil fields in Chad across 663 miles to the Atlantic coast of Cameroon
The World Bank endorses a $3.5 billion oil project with 80% of the revenues to go to development
It is reported that $4 million of a $25 million bonus payment from the new oil project was used by the Chad Government to buy weapons
Chad begins pumping oil to Cameroon, part of a project to help alleviate crushing poverty in the two countries
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