Catholic Relief Services statement on the Chad-Cameroon oil pipeline

Source: Catholic Relief Services
Date: 9 Oct 2003

“Last week, the first oil tanker left the waters off Kribi, Cameroon, its belly filled with 950,000 barrels of crude and the hopes of millions of Chadians to whom the oil belongs. But fragile are the hopes that the $2 to 6 billion in oil revenues estimated to flow into Chad over the next 30 years will lift people out of poverty. Despite a much-heralded plan designed with World Bank assistance to use petrodollars to alleviate poverty, concerns remain over the design and practical application of the system in Chad, a country with extremely weak institutions and a history of civil war…”

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