The controversial Chad-Cameroon Oil Development and Pipeline Project was widely seen as a test case for how a country could overcome the “resource curse” by consciously using oil production revenues to reduce poverty. The $4.2 billion project, with its 665-mile pipeline was led by Exxon-Mobile with financing from the World Bank and the International Finance Corporation.

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The Chad-Cameroon oil pipeline forms part of a project to develop the oil fields discovered in the 1970s in Southern Chad, and transport the oil through the Cameroon to an offshore terminal off the Atlantic coast.

The oil fields are to be developed and operated by an oil consortium of ExxonMobil, Petronas and Chevron that obtained a 30-year concession from the Government of Chad.

There has been a growing recognition of the importance of transparency for economic growth and social development in oil producing countries. This paper analyzes transparency issues in Cameroon’s oil sector. It shows that, while substantial efforts have already been undertaken, continued action is necessary to strengthen transparency.

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An IMF mission conducted discussions in Luanda with the Angolan authorities for the 2006 Article IV consultations during March 15-29, 2006.

This guidebook, a collaborative work of the Open Society Institute’s Revenue Watch program and the Initiative for Policy Dialogue, aims to encourage rigorous reporting on the legal, economic, and environmental implications of resource extraction by providing practical information about the petroleum industry and the impact of resource wealth on a producing country. Covering Oil outlines the fundamentals of petroleum contracts, provides a glossary of relevant economic theory, and presents case studies of major public policy issues.

In the 2008 Report on Revenue Transparency of Oil and Gas Companies, Transparency International (TI) evaluates 42 leading oil and gas companies on their current policies, management systems and performance in areas relevant to revenue transparency in their upstream operations.

Summary of the Workshop on Petroleum Revenue Management, World Bank,Washington D.C.

For many oil-producing developing countries and countries in transition, petroleum revenues make up a substantial share of gross domestic product, national and state budgets, and foreign exchange earnings. The potential to do good is tremendous. In Malaysia, for instance, resource revenue management has been associated with progress on the development front.

Speech given by the then UK Chancellor of the Exchequer, Gordon Brown, at the ‘Financing sustainable Development, Poverty Reduction and the Private Sector: ‘Finding Common Ground on the Ground’ conference, Chatham House, London.