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The IFC's lessons of experience & the Chad-Cameroon oil and pipeline project (Bretton Woods Project)
more fromwww.brettonwoodsproject.org
Chad fighting hits oil prospecting, not output | Reuters
Nadingar said plans to start work on a new 60,000 bpd refinery within the next month or two were likely to be delayed because of the recent fighting. "There are contracts to finalise. That will slip a bit," he said.
more fromwww.reuters.com
The oil we eat: Following the food chain back to Iraq, By Richard Manning (Harper's Magazine)
more fromwww.harpers.org
To Lend or Not To Lend:
This Article will use the Chad/Cameroon project to illustrate why the World Bank should adopt a realistic and pro-active approach to human rights problems. Part II will examine the evolving interpretation of the Bank’s mandate and the historical inconsistencies in its policy toward human rights issues. This examination will show that there are no theoretical obstacles preventing the Bank from interpreting its mandate liberally to include human rights considerations. Part III will draw on the development of the Chad/Cameroon pipeline controversy in order to highlight the importance of human rights considerations for the project’s success. Part IV will argue in favor of the adoption of a more open and consistent human rights policy as an essential condition to improving the credibility of the Bank’s operations. This reformulation is essential if the Bank aims to serve as the guardian of fairness in private investment and to improve the economic well-being of countries like Chad.
more fromwww.law.harvard.edu
Facilitating whose power? WB and IMF policy influence in Nigeria's energy sector (Bretton Woods Project)
Though the volume of donor financing to Nigeria is much less than to other sub-Saharan African countries, at a policy level the World Bank, the IMF and DFID are highly influential in the country's macro-economy.
in list: IMF policy approaches
more frombrettonwoodsproject.org
War in Chad: World Bank-backed oil project hasn’t created promised “model” of development—By Ken Silverstein (Harper's Magazine)
more fromharpers.org
EITI – Extracting transparency
Despite good intentions, no country has been formally validated as EITI-compliant. The risk now is that the initiative will allow countries to ride free, using the EITI label to continue business as usual. As a result, Publish What You Pay has called on companies and governments to deliver concrete results. The good news is that the EITI board is beginning to flex its muscles. If countries do not become validated within two years they risk losing their status. So far Chad, Trinidad and Tobago, and Bolivia have been disqualified.
more fromwww.wbcsd.org
Contracting out of Human Rights: The Chad-Cameroon pipeline project\n | Amnesty International
more fromwww.amnesty.org
Petrobras to pump Nigerian oil field
Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.
more fromwww.oilfielddailynews.com
D'Appolonia
more fromwww.dappolonia.it
BIC's new handbook for advocacy on extractive industry revenues | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions
The Handbook is intended as a tool for civil society organizations, journalists and other members of the public interested in learning more about transparency and fiscal management in the natural resource sectors. It distills and builds upon information contained in the IMF’s document, with a focus on areas especially pertinent for civil society groups seeking to better understand how extractive industry (EI) sectors are managed. The Handbook aims to help civil society groups hold governments and private companies accountable for the exploitation of natural resources in their country.[2] In producing this Handbook, BIC is not endorsing the extractive industries or asserting that improved transparency, alone, would address the myriad social, environmental and economic impacts associated with natural resource exploitation. Rather, this document aims to provide citizens in resource-rich countries with one more tool to strengthen their efforts to hold industry actors and governments accountable.
more fromwww.bicusa.org
Publish What You Pay
The Publish What You Pay coalition of over 300 NGOs worldwide calls for the mandatory disclosure of the payments made by oil, gas and mining companies to all governments for the extraction of natural resources. The coalition also calls on resource-rich developing country governments to publish full details on revenues. This is a necessary first step towards a more accountable system for the management of natural resource revenues.
more fromwww.publishwhatyoupay.org
BusinessDay... the voice of business - ExxonMobil hinges hope on Nigeria, Angola for increased output
Flows through the Chad-Cameroon pipeline, which came on stream five months ahead of schedule just over a year ago, are about 170,000 b/arrels per day. That will be supplemented with 20,000 b/arrels per day from the Moundouli field next year. However, there will also be some decline in production, Duffin said, adding that there had been "more water production than we would have normally expected."
more fromwww.businessdayonline.com
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