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who profits when africa strikes oil?

Asia Africa Intelligence Wire

| June 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Arabies Trends)

Byline: ED BLANCHE

A few months ago, the landlocked West African state of Chad, ravaged by civil war and

corruption, shipped its first oil exports through a 1,075 kilometer pipeline running southwest

under the dense rainforest of neighboring Cameroon to the offshore Kribi loading terminal in

the Gulf of Guinea. This marked a new beginning for Chad, turning one of the poorest

countries on earth into AfricaOs newest petrostate.

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