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Africa's New Deal.
Chad, like much of Africa, has long had enormous oil reserves. But tapping into them has always been a problem. Chad's first oil well was blown open in 1974, but a few months later, after a coup d'etat, the well was shut down. Since then the country's people--among the world's poorest--have suffered through civil wars, rebellions and corrupt dictatorships. Now comes the possibility of a large and steady income stream for the impoverished government. A consortium led by ExxonMobil is investing nearly $4 billion to extract oil out of a vast field at Doba, near the center of the continent, and send it by pipeline to Cameroon's Atlantic coast--1, 070 kilometers away. It's the ...
- World Bank suspends disbursements to Chad.
- Press release article from: M2 Presswire January 9, 2006 700+ words
...2006-WORLD BANK: World Bank suspends disbursements to Chad(C)1994-2006 M2...that are part of the World Bank portfolio in Chad. "We have a responsibility...loan agreement with the World Bank, the Government of Chad specifically undertook...
- World Bank appoints International Advisory Group on the Chad-Cameroon Petroleum...
- Press release article from: M2 Presswire February 22, 2001 700+ words
...PRESSWIRE-22 February 2001-WORLD BANK: World Bank appoints International Advisory Group on the Chad-Cameroon Petroleum Development...recommend actions to the World Bank Group and the Governments of Chad and Cameroon to address such...
- World Bank Statement on Chad-Cameroon Pipeline.
- Press release article from: M2 Presswire September 10, 2008 700+ words
...WORLD BANK GROUP: World Bank Statement on Chad-Cameroon Pipeline...Washington -- In 2001 the World Bank provided financing to Chad to support development...agreed to prepay the World Bank for pipeline related financing. Chad has now fully prepaid...
- World Bank Group approves support for Chad-Cameroon Petroleum Development and...
- Press release article from: M2 Presswire June 7, 2000 700+ words
...PRESSWIRE-7 June 2000-WORLD BANK: World Bank Group approves support for Chad-Cameroon Petroleum Development...WASHINGTON -- The Board of the World Bank Group today overwhelmingly agreed to support the Chad-Cameroon Petroleum Development...
- World Bank statement on Chad.
- Press release article from: M2 Presswire December 9, 2005 700+ words
M2 PRESSWIRE-9 December 2005-WORLD BANK: World Bank statement on Chad(C)1994-2005 M2 COMMUNICATIONS LTD RDATE...a legal agreement between the Republic of Chad and the World Bank," said Mr. Wolfowitz. The proposed changes...
- World Bank Hopes to Repeat Chad Wealth-Sharing Scheme.
- Newspaper article from: The Oil Daily October 3, 2003 700+ words
...3.5 billion Chad-Cameroon pipeline...Officials from the World Bank and its private...project only after Chad signed on to the World Bank deal which calls...Ali Khadr, the World Bank's country director for Chad. "But the elaborate...
- Chad: World Bank approves grant of $23 million for local development program...
- Press release article from: M2 Presswire September 20, 2004 700+ words
...PRESSWIRE-20 September 2004-WORLD BANK: Chad: World Bank approves grant of $23 million...vulnerable poor country", Chad was allocated IDA grants of a...2005/06 budgetary year of the World Bank. Part of this amount would be...
- World Bank, Chad reach interim agreement on funding,oil revenue management.
- Press release article from: M2 Presswire April 27, 2006 700+ words
M2 PRESSWIRE-27 April 2006-WORLD BANK: World Bank, Chad reach interim agreement on funding,oil revenue...resources went to benefit the poor people of Chad," said World Bank President Paul Wolfowitz. "The Government of...