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Spotlight | DRC
Deal within deal allows tycoon Dan Gertler to save €130m in DRC settlement

The Congolese authorities signed a second, more restricted and secretive agreement with Dan Gertler last month, in addition to the major settlement negotiated in February. Africa Intelligence is able to detail the contents of this new deal, which concerns the oil assets previously run by the businessman. [...]

Published on 06.04.2022 at 05:00 GMT Reading time 4 minutes Olivier Liffran

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Energy

Set up email notifications for these topics

DRC
Caprikat
Dan Gertler
Didier Budimbu
Dig Oil
ENI
Felix Tshisekedi
Foxwhelp
Henri Tungavo Ntoko
ICSID
International Chamber of Commerce
Joseph Kabila
TotalEnergies
Tullow Oil
Ventora

Spotlight | DRC, Tanzania, Uganda
Tshisekedi wants slice of planned Ugandan crude oil pipeline pie, TotalEnergies sceptical

The president of DRC is pushing for his country to have a stake in the East African Crude Oil Pipeline (EACOP) through which Uganda's plans to export via Tanzania, despite the fact no crude oil has been discovered on the Congolese side of Lake Albert.

Subscribers only Energy Politics Diplomacy 16.05.2023

President of Democratic Republic of Congo Felix Tshisekedi shakes hands with Uganda's President Yoweri Museveni in Entebbe, Uganda, on the 9th of November 2019.

Spotlight | DRC
Kinshasa in talks with CNOOC over Dan Gertler's former Lake Albert blocks

The oil blocks on the Congolese side of Lake Albert, long held by Israeli billionaire Gertler, are back on the market. Kinshasa is in confidential talks with the Chinese major CNOOC.

Subscribers only Energy 19.04.2023

DRC President Felix Tshisekedi, 22 September 2022.

Spotlight | DRC
Following Washington's threats, Tshisekedi presidency tries to discreetly renegotiate its Gertler deal

Félix Tshisekedi's presidency is using the utmost discretion to try to renegotiate the financial compensation it granted Israeli billionaire Dan Gertler 10 months ago. The US, which is threatening to impose sanctions on members of the Congolese government, has been a key player in this U-turn.

Subscribers only Finance Politics Business 21.12.2022

DRC President Félix Tshisekedi and US Secretary of State Antony Blinken.

DRC
Secret trade-off deal with oil block assessor

A Nigerian businessman, whose company pre-financed the assessments of the DRC oil blocks put up for sale in July, is asking the hydrocarbons minister Didier Budimbu to organise a restricted tender call to award two blocks of his choice.

Subscribers only Energy 01.12.2022

Spotlight | DRC, United States
The spectre of sanctions is closing in on the Tshisekedi presidency

The US treasury has completed its investigation into André Wameso, one of the closest advisers of the DRC president. Though nothing has yet been decided in Washington, if he is placed under sanctions, this is likely to undermine the Congolese administration in the run-up to the next elections in late 2023.

Subscribers only Diplomacy 06.10.2022

DRC
UN, Houston and Washington on Tshisekedi's US agenda

Expected next week in New York for the annual United [...]

Subscribers only Energy Politics 16.09.2022

DRC
In the midst of a petrol shortage, "contaminated" shipment causes a stir in Kinshasa

A tanker operating for Petrocam was to supply the Congolese capital's service stations, which have been dry since the beginning of September, within the next few days. However, the 25,000 tonne cargo has now been found to be "contaminated" and "dangerous".

Subscribers only Energy 15.09.2022

In Focus | DRC
Rabbi Moyal in last-ditch attempt at mediation between Dan Gertler and Félix Tshisekedi

Rabbi-businessman Avraham Moyal has become Dan Gertler's envoy to the Congolese authorities, as the Israeli mining magnate, who was all-powerful under Joseph Kabila, struggles with US sanctions. As he waits to be rehabilitated as the DRC's honorary consul in Israel, Gertler has surrounded himself with ultra-orthodox figures in preparation for his latest reconciliation with the Tshisekedi regime.

Subscribers only Politics 22.08.2022

Rabbi Avraham Moyal (left), Congolese President Félix Tshisekedi and Pastor Paul-David Olangi (right) in March 2021 in Kinshasa.

DRC
Dan Gertler made a secret trip to meet Félix Tshisekedi before Antony Blinken's arrival

Breaking news published on 11/08/22 at 18:05 - Less than 24 hours before the arrival in the DRC of the head of US diplomacy Antony Blinken, Dan Gertler visited Kinshasa. With great discretion, Washington is preparing files for possible sanctions targeting advisers of President Tshisekedi involved in the agreement with the Israeli billionaire.

Subscribers only Mining Diplomacy 11.08.2022

DRC
ENI and TotalEnergies circle as Gertler's former blocks go on sale

The DRC government is keen to offload some its oil portfolio and has issued a tender call for blocks 1 and 2 in the north-east of the country, which were operated for a decade by Dan Gertler's firms, Caprikat and Foxwhelp.

Free Energy 29.07.2022

DRC, Israel, United States
Dan Gertler under FBI investigation

U.S. authorities are investigating possible circumvention of the sanctions they have put in place against mining magnate Dan Gertler in DRC. Dan Gertler claims he knows nothing about these investigations and has complied with the sanctions.

Subscribers only Finance 25.07.2022

DRC
Kinshasa wants a piece of the pie following Glencore's $1bn guilty plea

Breaking news published on 15/06/22 at 12:25 - In the wake of the agreement reached last May between Glencore and the US Department of Justice, which puts an end to the latter's investigations into the Swiss trader, Congolese financial intelligence intends to claim compensation for the prejudice caused to the DRC.

Subscribers only Mining 15.06.2022

Libya
ENI and NOC's former legal counsel still seeking unpaid bills

Mellitah Oil & Gas, a joint venture between ENI and NOC, stands accused by its former legal team of failing to fulfil its financial obligations, which it claims relates to a lack of services rendered.

Subscribers only Energy 10.05.2022

Spotlight | DRC
Strong-arm tactics over Dan Gertler's blocks 1 & 2

The attempt by hydrocarbons minister Didier Budimbu to block a vital deal with Israeli billionaire seemingly led to him being questioned by the intelligence services for 24 hours, despite his good standing with Félix Tshisekedi.

Subscribers only Energy 21.04.2022

In Focus | DRC
The unseen hands at play in US ruling against DRC in Dig Oil award

Following a US court ruling, the DRC may see up to $619m of its US assets seized by oil junior Dig Oil. Africa Intelligence has had access to documents that reveal the determining behind-the-scenes role played by several Congolese ministers in this legal fiasco.

Subscribers only Energy Politics 27.09.2021

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DRC
Caprikat
Dan Gertler
Didier Budimbu
Dig Oil
ENI
Felix Tshisekedi
Foxwhelp
Henri Tungavo Ntoko
ICSID
International Chamber of Commerce
Joseph Kabila
TotalEnergies
Tullow Oil
Ventora

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