Arabica Robusta
Ratings for the Chad and Cameroon Petroleum Development Project were as follows: outcomes were satisfactory; sustainability was unlikely; institutional development impact was moderate; the Bank performance was satisfactory; and the Borrower performance was also satisfactory. Some lessons learned included: outsourcing of Bank supervision duties constituted an innovative feature of the project and was successful; the need to manage expectations with regards to the government's oil revenue estimates is essential; developing national expertise in the different facets of the oil industry (geology, geophysics, engineering, commercial, finance and economics, environment, and so on) is a daunting task; private partners may reasonably be asked, as they were in this case, to bear a share in the cost of mitigating the risks associated with insufficient country capacity; maintaining World Bank involvement and communications are vital; and finally, sustaining compliance with the environmental management plan needs better technical assistance from the Bank.
chad cameroon petroleum development international world bank multinational corporations industry
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