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De Villepin and France must deliver on oil transparency in Congo
Author: Global Witness, Published on: 28 July 2003
Making heavily-indebted Congo’s management of oil revenues more transparent is the key to the country’s development, as the IMF and World Bank have recognised. France has a particular responsibility to help: former state oil company Elf’s secret system of kickbacks, influence-peddling and oil-backed loans, culminating in its support for both sides in Congo’s 1997 civil war, led the country down the path of indebtedness and unaccountable government.
Related companies: Elf Aquitaine (now part of Total)