Lake Chad Basin Commission Basin (not all of which feeds Lake Chad) includes eight countries, which, in descending area of land, included are: Chad, Niger, the Central African Republic, Nigeria, Sudan, Algeria, and Libya. Cameroon, Niger, Nigeria and Chad (the four countries directly containing parts of Lake Chad and its wetlands) signed the Fort Lamy (today N'Djamena) Convention on May 22, 1964, which created the Lake Chad Basin Commission. The Central African Republic joined in 1996, and Libya joined in 2008. Sudan was admitted in July 2000, but has observer status because it has not ratified the founding convention. Algeria has not participated. The
Chad–Cameroon Petroleum Development and Pipeline Project no term limits. A climate of intense corruption has created an unequal distribution of wealth and poor conditions for domestic and international investments. The portion of the pipeline owned by Cameroon is managed by the Cameroon Oil Transportation Company (COTCO). This company is incorporated in Cameroon, and is a joint venture between the governments of Cameroon and Chad, and the Upstream Consortium, an independent monitoring institution. The World Bank's support was very important for the Consortium of oil companies, as they believed they needed the support of the Bank in order for the project to succeed. While the project's private