By: Milly Lin and Elizabeth Hsu
Taipei, Oct. 25 (CNA) Taiwan’s state-run energy supplier, CPC Corp.,Taiwan, is expected to receive its first barrel of crude oil from Chad in 2019, a senior official at the company has revealed.
CPC started investing in the Chad oil field in 2006, with exploration taking place the following year, said Liao Tsang-lung (廖滄龍), CEO of CPC’s Exploration and Production Business Division.
Output is slated to begin in 2019, Liao said, noting the company is now negotiating with the Chad government about piping the oil. [FULL STORY]