The Chad Cameroon Petroleum Development and Pipeline Project

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The Chad Cameroon Petroleum Development and Pipeline Project: The Chad Cameroon Petroleum Development and Pipeline Project is one of the largest investments in the private sector in Africa that costs approximately US$3.7 billion. The project is being funded by the World Bank and the International Financial Corporation. The involvement of these two major financial institutions is a demonstration of the rationale that the project will generate revenue that will enable the Chad and Cameroonian governments to invest more in programs that focus on reducing poverty like rural employment, education, and health. The involvement of the International Financial Corporation will be geared towards accomplishing three major roles. These are long-term financing, stabilizing role, and uplifting the quality and standard of mitigation plans and environmental assessments. As previously mentioned the project is expected to cost more than $3.7 billion and will be funded by the World Bank and the International Financial Corporation. The total costs have two major sections i.e. the Field System of more than $1.5 billion and the Export System at approximately $2.2 billion. The Field System is geared towards the development of Chad's Doba oil fields that includes the construction of related infrastructure and facilities and drilling of around 300 wells. The Export System incorporates the construction of a 670-mile, 30-inch pipeline from Chad's Doba oil fields to Kribi's Atlantic coast in
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