Market Size of Chad Oil and Gas Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 0.54 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chad Oil and Gas Market Analysis
The Chadian oil and gas market is expected to register a CAGR of more than 0.54% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, increasing investments and rising gas production in the country are expected to boost the Chadian oil and gas market during the forecast period.
- On the other hand, political instability and terrorism in the country are likely to impede the growth of the oil and gas sector during the forecast period.
- Investments are being made in the country's exploration and production of oil reserves, which may continue to rise during the forecast period. These investments may also provide an opportunity for the midstream and downstream players in the country's oil and gas market.
