DRC

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

President Felix Tshisekedi (left) has chosen his advisor Nicolas Kazadi to negotiate with South African junior Dig Oil.
President Felix Tshisekedi (left) has chosen his advisor Nicolas Kazadi to negotiate with South African junior Dig Oil. © Mwanacongo/CC BY-SA 4.0
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. [...] (675 words)
Issue dated 19/08/2020 Reading time 3 minutes
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