Chad sacks oil minister in government reshuffle

N’DJAMENA (Reuters) – 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 of oil per day and received more than $1 billion in oil-backed loans from Glencore <GLEN.L> 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.

(Reporting by Madjiasra Nako; Writing by Sofia Christensen; Editing by Aaron Ross and Alison Williams)