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Luke_Wilbur

Chad wants money or it will stop oil production

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Luke_Wilbur    5

I saw this one over the wire.

 

Chad wants to use money from oil sales to buy weapons and is expecting a new arms delivery in the next few days, President Idriss Deby said yesterday.

 

The World Bank froze the money after it became clear that Chad would not abide by an agreement requiring that a percentage of oil revenue was invested for future poverty alleviation efforts. The bank provided funding for a $3.7bn oil pipeline to carry oil to the coast for export.

 

The World Bank initiated the project as a pilot project and given Chad's disregard for the agreement they signed it is unlikely that the bank will easily consider funding projects of this nature in the future. In this way, Chad has made Africa poor by making it more difficult and, therefore, more expensive to access funding.

 

Chad wishes to use the blocked money to buy weapons and has threatened to halt supplying oil should the money is not unfrozen by the end April this year.

 

French troops took up positions near key Chadian government and French interests buildings. The premeditated attack on Ndjamena, the capital of the impoverished African nation by insurgents based in Sudan's war- torn westernmost province of Darfur, is a mystery because of what it is not. It is neither a tribal squabble nor a coup d'état. Historically, governments in landlocked Chad fell when the capital was over-run by armies based in neighbouring countries.

 

About 170 000 barrels a day through the pipeline, which is operated by ExxonMobil Corp, Chevron and Petronas.

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Guest human_*   
Guest human_*

Just when I had good news to report too. Also what I see as a growing security threat on the net is that ALL

THE WEAPONS MANUFACTUERS ARE ONLINE TOO, and countries like chad know this well.

 

 

It scares me in the sense that it is all so open. It's like one big candy store for countries upgrading their weapons systems.

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I saw this one over the wire.

 

Chad wants to use money from oil sales to buy weapons and is expecting a new arms delivery in the next few days, President Idriss Deby said yesterday.

 

The World Bank froze the money after it became clear that Chad would not abide by an agreement requiring that a percentage of oil revenue was invested for future poverty alleviation efforts. The bank provided funding for a $3.7bn oil pipeline to carry oil to the coast for export.

 

The World Bank initiated the project as a pilot project and given Chad's disregard for the agreement they signed it is unlikely that the bank will easily consider funding projects of this nature in the future. In this way, Chad has made Africa poor by making it more difficult and, therefore, more expensive to access funding.

 

Chad wishes to use the blocked money to buy weapons and has threatened to halt supplying oil should the money is not unfrozen by the end April this year.

 

French troops took up positions near key Chadian government and French interests buildings. The premeditated attack on Ndjamena, the capital of the impoverished African nation by insurgents based in Sudan's war- torn westernmost province of Darfur, is a mystery because of what it is not. It is neither a tribal squabble nor a coup d'état. Historically, governments in landlocked Chad fell when the capital was over-run by armies based in neighbouring countries.

 

About 170 000 barrels a day through the pipeline, which is operated by ExxonMobil Corp, Chevron and Petronas.

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