3°) The right of peoples to the free disposal of their wealth (Article 21) 330. Chad is a country with significant natural and mining resources. On account of the right of its peoples to dispose of their wealth, Chad has always protected its mining and natural resources against looting by foreign multinationals. 331. In Chad, the exploitation and management of natural resources and subsoil are conducted in a transparent manner and take into account the protection of the environment, the cultural heritage and the preservation of the interests of present and future generations. The resources of the Chadian subsoil are governed by the Mining Code. Revenues from natural and subsoil resources are distributed between the National budget and the budgets of decentralized local authorities. 332. With regard specifically to oil resources, which have accounted for the largest share of public revenue over the past decade, the Government, in an effort to ensure transparency, adopted several laws and regulations and set up an independent organ, the Collège de contrôle et de Surveillance des Ressources Pétrolières (CCSRP) to monitor these revenues. The mission entrusted to this oversight body, which was created pursuant to Act No. 001/PR/99 of 11 January 1999, is to ensure transparency in the use of oil revenues. 333. 5% of oil revenues are distributed to oil-producing administrative regions to ensure that they also benefit directly. These funds are managed by a special body called the “Management Committee of the 5% of oil revenues allocated to the oil-producing zone”. 334. It should be noted that this initiative to allocate 5% of oil revenues to the producing region was eventually expanded to all mining operations such as gold and cement among others. 335. The various legal texts governing the exploitation and management of oil resources in Chad include:  Act No. 001/PR/99 of 11 January 1999, amended by Act No. 016/PR/2000 of 18 August 2000, further amended by Act No. 002/PR/2006 of 11 January 2006, on the management of oil revenues;  Decree No. 095/PR/MEF/2004 of 18 March 2004, laying down transitional arrangements for the management of oil royalties allocated to the producing region;  Decree No. 240/PR/PM/MEF/2003 of 1 July 2003 on the organization and operating conditions of the College (CCSRP), amended by Decree No. 277/PR/PM/MFI/07 of 16 April 2007;  Decree No. 533/PR/PM/MFI/07 of 13 July 2007 reorganizing the Provisional Management Committee of the 5% of oil revenues allocated to the producing zone. (Source: 2003-2012 Report-Assessment of the Collège de Surveillance des Revenus Pétroliers, pp. 9 and 10) Page 72 sur 87