Oil and Africa

Fisher, Daniel
March 2006
Forbes Asia;3/27/2006, Vol. 2 Issue 5, p20
The article focuses on the terminated agreement of petroleum company ExxonMobil with petroleum producing country Chad. The agreement was for ExxonMobil to steer money in oil royalties for social services in Chad. The World Bank suspended payments after Chad changed its laws to include the military among the priority sectors that can receive petroleum dollars. ExxonMobil says it still supports the World Bank framework and thinks the agreement can be restored through further negotiations.


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