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DRC

Dig Oil steps up pressure on Tshisekedi to obtain $600m compensation for blocks 8, 23 and 24

The oil junior has opened up a new front against the Congolese state, which kept it waiting for a decade before greenlighting its production sharing contracts in Cuvette Centrale. [...] (347 words)

Issue dated 08/05/2020 Reading time 2 minutes

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Energy

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DRC
Caprikat
Corral Morrocco Holding
Covid-19
Dan Gertler
Dig Oil
Félix Tshisekedi
Foxwhelp
Gibson, Dunn & Crutcher
ICSID
International Chamber of Commerce
Joseph Kabila
Matthew McGil
Mohammed Hussein al-Amoudi
Rahim Moloo
Samir

Dig Oil takes advantage of Kinshasa's silence in US court

Dig Oil has asked a US court for a ruling in default to confirm the International Chamber of Commerce's (ICC) 2018 order for the DR Congo to pay the firm more than $600m for withdrawing an oil block from it and delaying production contracts on others.

Nicolas Kazadi, Tshisekedi's roving ambassador and negotiator of a possible settlement with Dig Oil. © Nicolas Kazadi/Facebook

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DRC Energy 26/03/2021

Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

Though some of the Congolese president's advisors are still pushing to counter the South African firm's arbitration award with another lawsuit, others would prefer Tshisekedi to accept a secret deal that comes with financial compensation.

MOROCCO UNITED STATES Energy 23/12/2020

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Carlyle wants to make sure that the confidentiality of its "sensitive information" is respected in its arbitration with the Moroccan government over the liquidation of Samir refinery.

Spotlight

DRC Energy 17/12/2020

Dig Oil comes up against unflappable state negotiators over $619m arbitration

The South African oil firm is beginning to believe the president's office is dragging its heels so it won't have to pay, while the state hopes to reach a compromise with the promise of a new permit.

DRC Energy 30/09/2020

Dig Oil arbitration: Tshisekedi snubs US court

Congolese president Félix Tshisekedi's clan simply didn't respond to summons sent by a District of Columbia court as part of its dispute with South Africa's Dig Oil.

DRC President Felix Tshisekedi keeps a close watch on the Dig Oil arbitration settlement. © U.S. Department of State/Public domain

Spotlight

DRC Energy 16/09/2020

Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

The sharing of power between the pro-Kabila clan and the various factions that support the new president has turned the handling of the Dig Oil file into a delicate juggling act for the Congolese state.

DRC Energy 19/08/2020

$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Threatened with a fine equal to 10% of the national budget, the Congolese president has little choice but to negotiate with Dig Oil even as Kinshasa looks for a last ditch attempt to annul the arbitral ruling in favour of the South African oil junior.

President Felix Tshisekedi (left) has chosen his advisor Nicolas Kazadi to negotiate with South African junior Dig Oil.

Spotlight

DRC Energy 03/07/2020

Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

The DRC is coming under increasing pressure to comply with a 2018 arbitration award of hundreds of millions of dollars in favour of South African junior Dig Oil over the delayed attribution of Cuvette Central blocks.

MOROCCO Energy 04/02/2020

Samir: who is defending Corral's Amoudi against Rabat?

Saudi businessman Mohamed Hussein al Amoudi's Swedish based Corral Morrocco

Spotlight

DRC Energy 19/11/2019

How ENI plans to snatch blocks 1 and 2 from right under Total's nose

All it took was just one visit from ENI chairman Claudio Descalzi to President Félix Tshisekedi on September 13 (AEI 849) for the wheels to start turning on the Italian major's return to the DRC.

DRC Energy 24/09/2019

Emmanuel Adrupiako quietly safeguarding Kabila's oil interests

Joseph Kabila financial advisor from his first days in power in 2001 to his departure after the 2018 elections, Emmanuel

Spotlight

DRC Energy 10/09/2019

Total and Tullow's approach for blocks 1, 2 and 3 murkier and murkier

Total's ambiguous ambitions for its future in exploration in the country is making the Congolese authorities' heads spin. As for, Tullow Oil, the junior has already taken a swipe at the new government, allegedly with the French major's approval.

DRC Energy 28/05/2019

Why Total calls it quits as Dig Oil is given breather

To everyone's surprise, the French major has decided to relinquish its only Congolese block.

DRC Energy 26/02/2019

Dig Oil drags Tshisekedi into his first oil crisis

The South African junior is determined that the ruling of the arbitration it has won against Kinshasa will be upheld at Congo-K's end.

DRC Energy 29/01/2019

Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

The new president has been landed with the two oil cases Kabila's cabinet had been working to finalise - without luck - up to the last minute.

DRC Energy 11/12/2018

Dig Oil scores a try in Cuvette basin two weeks before elections

Its forceful legal pressure looks set to pay off as the South African junior is tipped to take up permits in Joseph Kabila's last days in power.

Spotlight

DRC Energy 08/05/2018

Kabila's chief of staff, Nehemie Mwilanya, puppet master of oil deals

President Joseph Kabila's chief of staff, Nehemie Mwilanya Wilondja, has been involved with all of the country's main oil files since first joining the president's office for another position 14 years ago. A behind-the-scenes look at the Comico, Caprikat and

Spotlight

DRC Energy 19/12/2017

Total and Kabila play the long game on eastern frontier

The only major present on both sides of the highly prolific Congolese-Ugandan border, Total is negotiating its work programme on block III step by step, while it waits to get its hands on blocks I and II.

Spotlight

DRC Energy 28/03/2017

Is Dan Gertler facing his last days in oil?

Mining Israeli tycoon Dan Gertler’s Fleurette group, which expanded into Congolese onshore in 2010 via two British Virgin Islands companies, Caprikat and Foxwhelp, to take up the most strategic blocks in Congo-K - blocks 1 and 2 -, could soon

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Félix Tshisekedi
Foxwhelp
Gibson, Dunn & Crutcher
ICSID
International Chamber of Commerce
Joseph Kabila
Matthew McGil
Mohammed Hussein al-Amoudi
Rahim Moloo
Samir

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Dig Oil steps up pressure on Tshisekedi to obtain $600m compensation for blocks 8, 23 and 24

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Dig Oil takes advantage of Kinshasa's silence in US court

Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Dig Oil comes up against unflappable state negotiators over $619m arbitration

Dig Oil arbitration: Tshisekedi snubs US court

Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

Samir: who is defending Corral's Amoudi against Rabat?

How ENI plans to snatch blocks 1 and 2 from right under Total's nose

Emmanuel Adrupiako quietly safeguarding Kabila's oil interests

Total and Tullow's approach for blocks 1, 2 and 3 murkier and murkier

Why Total calls it quits as Dig Oil is given breather

Dig Oil drags Tshisekedi into his first oil crisis

Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

Dig Oil scores a try in Cuvette basin two weeks before elections

Kabila's chief of staff, Nehemie Mwilanya, puppet master of oil deals

Total and Kabila play the long game on eastern frontier

Is Dan Gertler facing his last days in oil?

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Dig Oil steps up pressure on Tshisekedi to obtain $600m compensation for blocks 8, 23 and 24

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Dig Oil takes advantage of Kinshasa's silence in US court

Tshisekedi's advisors at loggerheads over secret Dig Oil deal as arbitration looms

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Dig Oil comes up against unflappable state negotiators over $619m arbitration

Dig Oil arbitration: Tshisekedi snubs US court

Tshisekedi inner circle fragmented over handling of $619m Dig Oil arbitration

$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi

Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?

Samir: who is defending Corral's Amoudi against Rabat?

How ENI plans to snatch blocks 1 and 2 from right under Total's nose

Emmanuel Adrupiako quietly safeguarding Kabila's oil interests

Total and Tullow's approach for blocks 1, 2 and 3 murkier and murkier

Why Total calls it quits as Dig Oil is given breather

Dig Oil drags Tshisekedi into his first oil crisis

Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

Dig Oil scores a try in Cuvette basin two weeks before elections

Kabila's chief of staff, Nehemie Mwilanya, puppet master of oil deals

Total and Kabila play the long game on eastern frontier

Is Dan Gertler facing his last days in oil?

Set up email notifications for these topics

First visit

Contacts

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Indigo Publications also publishes: