Lake Chad Basin Commission other countries with observer status are Egypt—in the neighboring Nile Basin—and the Republic of Congo and the Democratic Republic of Congo which are fed by the Ubangi River being considered for diversion into Lake Chad. The member countries fund the commission's $1 million annual budget based on an agreed-upon formula: Nigeria 52%, Cameroon 26%, Chad 11%, Niger 7%, the Central African Republic 4%. The Commission's Basin Committee for Strategic Planning (BCSP), coordinates local activities between the member states. The LCBC controls the hydro-active regions in the Chad Basin, called the "Conventional Basin". The initial Conventional Basin consisted of approximately 427,500
Chad–Cameroon Petroleum Development and Pipeline Project Chad–Cameroon Petroleum Development and Pipeline Project The Chad–Cameroon Petroleum Development and Pipeline Project is a controversial project to develop the production capacity of oilfields near Doba in southern Chad, and to create a pipeline to transport the oil to a floating storage and offloading vessel (FSO), anchored off the coast of Cameroon, near the city of Kribi. It is operated by ExxonMobil (40%) and also sponsored by partners forming the consortium, Petronas (35%) and Chevron (25%). The governments of Chad and Cameroon also have a combined 3% stake in the project. The project was launched on October 18, 2000, and