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CPC Corporation, Taiwan Lauds Successful Chadian Experience of Crude Oil Production
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CPC Corporation, Taiwan Lauds Successful Chadian Experience of Crude Oil Production - Press Release
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Earlier this month CPC Corp. held a ceremony to celebrate the first cargo of Chadian crude oil arriving in Taiwan at the Dalin Refinery, operated by CPC’s Refining Business Division.
CPC has been exploring for oil in Africa for decades. In 2006, it signed a contract with Chad’s Ministry of Petroleum and Energy under the name of OPIC Africa. In 2011, it discovered a large amount of crude oil at the first well. In 2017, it was granted the development and production license for the Oryx Concession. It conducted trial production in February 2020. In October 2020, the first cargo of oil produced from Oryx Concession a tanker carrying about 950 000 bbl of crude oil departed from the Kribi terminal in Cameroon and arrived in Taiwan at the end of November.