abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

9 Sep 2009

Author:
Al Jazeera People & Power

[video] Congo: Oil gotten gains

Congo Brazzaville is one of the poorest countries in the world, despite the fact that it produces nearly 300,000 barrels of oil a day. Many of Congo Brazzaville's four million people are enraged that wealth from the country's precious natural resources has been spent on luxuries when most of the population lives on less than a dollar day...[T]he proof of the misuse of oil funds came from an unpopular source [vulture funds]. [refers to Elliott Associates, Société Nationale des pétroles du Congo (SNPC), Cotrade]