Foreign relations of Cameroon enjoys good relations with the United States and other developed countries. Cameroon enjoys generally good relations with its African neighbors. It supports UN peacekeeping activities in Central Africa. Delimitation of international boundaries in the vicinity of Lake Chad, the lack of which led to border incidents in the past, is complete and awaits ratification by Cameroon, Chad, Niger, and Nigeria; dispute with Nigeria over land and maritime boundaries around the Bakasi Peninsula and Lake Chad is currently before the International Court of Justice (ICJ), as is a dispute with Equatorial Guinea over the exclusive maritime economic zone. As of 10
Chad–Cameroon Petroleum Development and Pipeline Project human trafficking. Oil exploitation is estimated at a potential 1.5 billion barrels, and Chinese companies are currently developing an oil refinery and another pipeline in the country. The Tchad Oil Transportation Company (TOTCO) manages the pipeline within Chad that is owned by the country. TOTCO is incorporated in Tchad, and is a joint venture between Chad and the Upstream Consortium. The Republic of Cameroon has been ruled by President Paul Biya since November 6, 1982. A relatively peaceful and stable nation, Cameroon is a republic with a multiparty presidential regime. Although there are presidential elections every seven years, there are