Chad–Cameroon Petroleum Development and Pipeline Project

The Chad–Cameroon Petroleum Development and Pipeline Project was a controversial project to develop the production capacity of oilfields near Doba in southern Chad, and to create 1,070-kilometre (660 mi) pipeline to transport the oil to a floating storage and offloading vessel, anchored off the coast of Cameroon, near the city of Kribi.

The project started as a joint venture among ExxonMobil (40%), Petronas (35%), Chevron (25%), and the governments of Cameroon and Chad which hold a combined a combined 3% in the pipeline portion of the project. Construction of the pipeline began in 2000 and was completed in 2003. In 2014, Chevron sold its stake in the project to the Chadian government. In December 2022, ExxonMobil sold its shares to UK-based firm Savannah Energy, but Chad challenged the deal. The case is now before the International Chamber of Commerce in Paris. In May 2023, Petronas sold its shares to the state-owned oil company Société des Hydrocarbures du Tchad.

The project was largely funded by multilateral and bilateral credit financing provided by Western governments. The International Finance Corporation (IFC), the private-sector arm of the World Bank, provided $100 million of debt-based financing, and France's export credit agency COFACE and the U.S. Export-Import Bank each provided $200 million; private lenders coordinated by the IFC provided an additional $100 million.