Niger
Several oil companies explored for petroleum since 1992 in the Djado plateau in north-eastern Niger and the Agadem basin, north of Lake Chad but made no discoveries worth developing at the time. In June 2007, however, China National Petroleum Corporation (state-owned by the People's Republic of China) signed a US$5 billion agreement to extract oil in the Agadem block, as well as build a 20,000 barrels (3,200 m3) per day oil refinery and a 2,000 km oil pipeline in the country; production is expected to start in 2009.
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