John Westbrook
OGJ Correspondent
TAIPEI, Jan. 25 -- Taiwan's state-run Chinese Petroleum Corp. (CPC) and Chad have signed an agreement under which CPC will invest $30 million in a 4-year project to explore for oil and gas in Chad.
CPC Deputy General Manager Chiu Chi-hsiung and Chad Oil Minister Mahamat Nasser Hassane signed the agreement in Taipei. CPC obtains exploration rights to 26,250 sq km in the area of the Lake Chad and Doba basins.
