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Home > africa: Striking It Poor: Oil as a Curse

Contributor [1]
Thursday, June 12, 2003 - 03:00
Categories: 
Corruption [2]
Issue Number: 
114 [3]
Article-Summary: 

The pipes are already laid in southern Chad, where they snake south underground through tropical forests from the oil fields of Doba to a marine terminal off the coast of neighboring Cameroon. At the port of Kribi, the 660-mile pipeline will empty up to 250,000 barrels a day of coveted crude into tankers waiting to transport the unctuous black gold to Western markets. The World Bank says this multi-billion dollar project will help to reduce poverty, but many critics find that assessment sur...read more [4]

The pipes are already laid in southern Chad, where they snake south underground through tropical forests from the oil fields of Doba to a marine terminal off the coast of neighboring Cameroon. At the port of Kribi, the 660-mile pipeline will empty up to 250,000 barrels a day of coveted crude into tankers waiting to transport the unctuous black gold to Western markets. The World Bank says this multi-billion dollar project will help to reduce poverty, but many critics find that assessment surprising, given that scholarly studies for more than a decade have consistently warned of what is known as the resource curse: that developing countries whose economies depend on exporting oil, gas or extracted minerals are likely to be poor, authoritarian, corrupt and rocked by civil war.

Category: 
Land & Environment [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/15630 [6]

Source URL: https://www.pambazuka.org/node/16931

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[3] https://www.pambazuka.org/article-issue/114
[4] https://www.pambazuka.org/print/16931
[5] https://www.pambazuka.org/taxonomy/term/3288
[6] http://www.pambazuka.org/en/category.php/corruption/15630