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Once the property of France, Chad's independent status has opened the door to ethnic warfare, now giving way to democratic reform under a January 2000 peace agreement. Surrounded in central Africa by Libya, Niger, Nigeria, Cameroon, the Central African Republic and Sudan, it was once called "the poorest nation on earth." Life is slowly improving and there are many interesting and safe places to see in this ancient country. Its citizens have a strong interest in welcoming visitors; its internecine conflict seldom involves visitors. From ancient desert kingdoms to the thriving and vibrant night life of N'Djaména, the capital, you will find a visit to Chad unforgettable. Chad will begin to export oil in 2004. Chad's economy has long been handicapped by its landlocked position, high energy costs, and a history of instability. Chad relies on foreign assistance and foreign capital for most public and private sector investment projects. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves estimated at 1 billion barrels in southern Chad. Oil production came on stream in late 2003. |
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