Lake Chad Basin Commission obtaining funding, there were plans to present the CHADWET to the Ramsar Conference in November 2005 as a Ramsar Regional Initiative. Lake Chad Basin Commission The Lake Chad Basin Commission (LCBC or CBLT in French) is an intergovernmental organization that oversees water and other natural resource usage in the basin. There are eight member governments—i.e., Cameroon, Chad, Niger, Nigeria, Algeria, the Central African Republic, Libya, and Sudan—chosen for their proximity to Lake Chad. The organization's secretariat is located in N'Djamena, Chad. The LCBC is Africa's oldest river or lake-basin organization. In its founding document (the Convention and Statutes relating to
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