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A sick President and armed uprisings threaten attempts to share out the oil more fairly

Armed opposition is on the rise again, as anti-government militias train in Sudan and politicians grow restless in N'djamena. The unrest puts at risk not only the ailing President Idriss Déby but also the flagship transparency project imposed by the World Bank and International Monetary Fund on the Doba basin oil development. Doba now produces 100,000 barrels per day, which should climb to 225,000 bpd early next year, says the IMF. On 28 November, US$6.5 million of oil revenue was deposited in Citibank, London, which holds most of the cash in an escrow account, for health, education and other projects. The Chadian Treasury's account gets only 15 per cent....

(This article contains approximately 1475 words)

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Keywords:

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