Chad Cameroon Petroleum Development And Pipeline Project

Project: Chad-Cameroon Petroleum Development and Pipeline Project Background: Chad is a Central African country surrounded by Libya in the north, Sudan in the east and Cameroon in the south. The country is landlocked with very little natural resources. Chad is listed as one of the worlds poorest countries according to United Nations Human Development Index ranking 7th with 80% of its population living below poverty level. The official language is French and most of the population of Chad rely on farming and livestock for survival. Cameroon is a West African Country sounded by Chad in the North, Nigeria in the west, Central African Republic in the East and Gabon, Republic of Congo and Equatorial Guinea in the South. The country is bilingual (French and English official languages).The country has about 200 ethnic groups and dialects. The country aims at becoming an emerging economy by 2035.A third of the population are living below the poverty line. Chad-Cameroon Petroleum Development and Pipeline Project is located in the Southwestern region of Chad and one of Africa`s largest public and private development projects. It engaged 300 oil wells with project cost of $3.7 billion. Oil extracted is transported by 640 underground pipelines via neighboring Cameroon to offshore loading facilities at Kribi Cameroon. This project started in the year 2000 with oil to flow in the year 2004.This project was owned by Exxon/Mobil 40%, Petronas Malaysia 35% and Chevron 25%.81% of theShow MoreRelatedThe Chad Cameroon Petroleum Development and Pipeline Project836 Words   |  3 PagesThe Chad Cameroon Petroleum Development and Pipeline Project: The Chad Cameroon Petroleum Development and Pipeline Project is one of the largest investments in the private sector in Africa that costs approximately US$3.7 billion. The project is being funded by the World Bank and the International Financial Corporation. The involvement of these two major financial institutions is a demonstration of the rationale that the project will generate revenue that will enable the Chad and Cameroonian governmentsRead MoreA Brief Note On Chad Cameroon Petroleum Development And Pipeline Project1443 Words   |  6 PagesIn 2003, construction ended on a pipeline project more commonly referred to as the CCPP (Chad Cameroon Petroleum Development and Pipeline Project). The main actors in this project - besides the World Bank - consisted of a triumvirate of oil companies with Exxon-Mobil at the helm, along with Petronas Malaysia ChevronTexaco. The project was under many watchful eyes in the global political theater as it hoped to prove as a model for other dev eloping countries. It also sought to break the spell ofRead MoreThe Beachfront Plain Is Undulating With Heights Somewhere Around Zero And 600m Above Ocean Level1740 Words   |  7 Pagestowns in the zone. There was an uncontrolled inundation of individuals looking for development occupations or seeking to give administrations to the vagrant work constrain around the pipeline course and at the Kribi Port. This flood of to a great extent male occupation seekers prompted genuine social disturbance of urban and town groups (Grimes, 2005). The pipeline undertaking crosses the South Western piece of Cameroon which is a zone possessed by the Bakola Pygmies. As per the World Bank, the PygmiesRead MoreExxon and Chad-Cameron Pipeline7344 Words   |  30 PagesEXXONMOBIL AND THE CHAD CAMEROON PIPELINE In November 1999, ExxonMobil CEO Lee Raymond faced the potential collapse of the Chad/Cameroon Oil Pipeline project on which the company was about to embark. Both Royal Dutch/Shell and France’s TotalFinaElf, ExxonMobil’s partners in the Pipeline Consortium, had just withdrawn, citing environmental concerns among other things and leaving its future temporarily in doubt. 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The oil pipeline that began construction in 1999 as a result of this discovery inadvertently fueled the tension that had been created. The revenues that were generated from the pipeline were not allocated with transparency, which caused dissent on a global scale. This project was supposed to be an example forRead MoreThe Chad / C ameroon Pipeline1884 Words   |  8 PagesThe groups that fall along the Chad/ Cameroon pipeline worked at levels of normal economy to the degree that livelihoods around these groups to a great extent relied on upon the woodland for a wide mixed bag of woods items. These chasing and angling groups relied on upon the woodland for kindling, building materials, honey, restorative plants and bramble meat. All household fuel wood was gathered from the timberland, the most supported species being Carapa, Grandiflora and Nuxia Congesta. Many buildingRead MoreUnited Nations And The European Union Essay1915 Words   |  8 Pages 3. No concrete reforms have taken place to remedy the lack of transparency in the oil revenues of Chad. Chad’s lack of transparency with respect to oil revenues has yet to be solved by reform. Generally, transparency of oil revenues benefits not only citizens and the World Bank, but also oil companies and the government. Despite Chad’s affluence from oil, its population remains impoverished. Notwithstanding these evident issues, the World Bank did not act to remedy the situation (Wysham, 2013)Read MoreStabilisation in Investment Contracts and Changes of Rules in Host Countries: Tools for Oil Gas Investors34943 Words   |  140 PagesAssociation of International Petroleum Negotiators (AIPN) Stabilisation in Investment Contracts and Changes of Rules in Host Countries: Tools for Oil Gas Investors Peter D Cameron ACIArb PhD (University of Edinburgh), LLB (Joint Honours) (University of Edinburgh) Professor of International Energy Law and Policy CEPMLP, University of Dundee, UK p.d.cameron@dundee.ac.uk FINAL REPORT 5 July 2006  © Copyright Peter D Cameron PDCameron/AIPN/Final Report. 5 July 2006 TableRead MoreStudy of Chinese Investments and Influence in Africa and Its Impacts on Society3031 Words   |  13 Pagesenormous investments in infrastructure, mines, power plants, oil exploration activities, pipelines, roads, bridges, railways, transmission lines and many others. Thus there are tons of raw materials and fuel going to China and Chinese billions going to Africa, for example to countless new Overview of Africa’s natural resources reserves Data of Chinese outward investments and trade with Africa Construction projects and agriculture. From 2005 till 2010 China’s investments to Africa increased dramatically