Watching Government: Chad’s promise

04/29/2002
The Chad-Cameroon pipeline project won’t end the corruptive nature oil can have on a developing nation. But policy-makers from the world’s most developed nations are betting it’s a good step in the right direction.The US House Subcommittee on Africa on Apr. 18 held an educational briefing for its members on the $3.7 billion project that will ship oil from landlocked Chad to an ocean port in Cameroon. The pipe- line represents the largest infrastructure project of its kind in Africa, with a consortium of subsidiaries from ExxonMobil Corp, ChevronTexaco Corp., and Malaysia’s Petronas making investments (OGJ, Feb. 4, 2002, p. 26). The upstream portion, which includes ...
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