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Chevron, U.S. agency set up Niger Delta fund

Thu, 02/17/2011 - 3:27am
Reuters

ABUJA (Reuters) - U.S. oil firm Chevron signed a $50 million partnership with the U.S. government's development arm on Thursday to try to help develop local businesses and boost community relations in Nigeria's restive Niger Delta.

The vast wetlands region flowing into the Gulf of Guinea is arguably Africa's most heinous example of the "resource curse" where the continent's biggest oil and gas industry sits amidst some of its least developed communities.

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