If the World Bank and Chad’s government fail to settle their dispute over amendments to the Petroleum Revenue Management Law, what should the consortium do? Should they make funds available to Chad’s government in defiance of the World Bank’s wishes? Subsequent to the signing of the pipeline agreement, world oil prices have increased substantially. Given the abject poverty of Chad, should the oil companies offer to increase the royalties paid to Chad’s government once its dispute with the World Bank is settled?
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