Online

See all articles

Chad President Deby fires oil minister

Boukar Michel ousted amid cabinet reshuffle in African oil-producing nation

Chad's President Idriss Deby on Friday dismissed Oil Minister Boukar Michel and named Finance Minister Mahamat Allali Abakar as his temporary replacement, a government decree showed.

Chad produces around 130,000 barrels per day of oil and received more than $1 billion in oil-backed loans from Glencore and four bank lenders in 2014.

It struck a deal with its creditors to restructure that loan last year after government revenues crashed due to low oil prices.

Latest news
Most read