World Bank, Chad Reach Deal to Keep Oil Flowing

Chad has withdrawn its threat to halt oil production at the end of this month after reaching an interim agreement with World Bank over petroleum revenues, Oil Minister Mahamat Nasser Hassan said on Thursday.

The World Bank agreed on Thursday to resume $124 million in suspended loans to the central African country and to release oil revenues held in an escrow account in return for guarantees that a share of petroleum profits would go to Chad’s poor.
CNN