Chad's Oil: Miracle or Mirage? Following the Money in Africa's Newest Petro-State

Author:
Ian Gary and Nikki Reisch
Publisher:
Catholic Relief Services and the Bank Information Centre
Publication Date:
17 February 2005
Tags:
Chad, Petroleum, Environment, International Organizations and Africa, Corruption

With the growing African oil boom, BIC and Catholic Relief Services take a critical look at the Chad-Cameroon oil pipeline project, Africa's first attempt at defying the "resource curse." The new report reveals that after the first year of oil exports, this World Bank-financed project to transform oil revenues into poverty reduction in Chad is hanging by a thread.

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