Renegotiating Oil Contracts

October 2006 | Economic Analysis

President Idriss Déby's attempts to renegotiate oil contracts and his ultimatum to the three IOCs operating in the country is hardly surprising given its dispute with the World Bank earlier this year. The World Bank claimed that a law passed by the Chadian parliament in January, which gave the government greater discretion over oil revenues, was in contravention of the conditions the organisation had set for its support for the building of the US$3.7bn, Doba oil pipeline. By threatening to cut oil production however, Chad was able to force a partial climbdown by the World Bank, which had taken the

If you would like to subscribe to East and Central Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to East and Central Africa Monitor please click on the trial link below.