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

DRC President Felix Tshisekedi, 22 September 2022. © Pool Vlad Vanderkelen/Belga Mag/Belga via AFP

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. [...]

Published on 19.04.2023 at 04:40 GMT Reading time 3 minutes Olivier Liffran, Joan Tilouine

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Energy

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DRC
Caprikat
China National Offshore Oil Corporation
Dan Gertler
Delek
Didier Budimbu
East African Crude Oil Pipeline
ENI
Felix Tshisekedi
Foxwhelp
Jean-Claude Kabongo
M23
Office of Foreign Assets Control
Patrick Pouyanne
TotalEnergies
Vladimir Putin

DRC
Washington divided over Dan Gertler audit

US diplomat Amos Hochstein, the White House's special coordinator for energy security, is opposed to an exhaustive audit of Dan Gertler's assets. Several other officials want such a review to take place before sanctions imposed on the Israeli billionaire since 2017 are lifted.

Subscribers only Mining 10.04.2024

In Focus | DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

Africa Intelligence has seen a series of confidential documents revealing a dispute between Dan Gertler and his former Congolese lawyer. This complex file reveals the financial arrangements put in place by the Israeli billionaire to deal with US sanctions.

Subscribers only Finance, Mining 20.03.2024

Dan Gertler addresses the Congolese people on 16 November 2020.

DRC
Sanctions against Dan Gertler continue to divide Washington

The possibility of temporarily lifting sanctions against Israeli mining magnate Dan Gertler is still under discussion in Washington but is far from being unanimously supported.

Subscribers only Mining 14.03.2024

DRC
Sonahydroc fears competition for Ango-Ango pipelines concession contract

The concession contract for the Ango-Ango pipelines, a key infrastructure for the supply of petroleum products to west DRC, ends in 2025 and is already sparking interest from several actors.

Subscribers only Energy 04.12.2023

DRC
DRC's Tshisekedi delays decision on who will take over Gertler's former oil blocks

The Congolese president is keen to delay the selection process for new operators of oil blocks 1 and 2 on Lake Albert, where majors including TotalEnergies had previously positioned themselves, with junior companies now also in the running.

Subscribers only Energy 14.11.2023

DRC president, Félix Tshisekedi, at Rotterdam, in the Netherlands, the 4 September 2022.

DRC
Sonahydroc has trouble selling stock bought from Trafigura

Of the 20,000 tonnes of hydrocarbons received under a contract with Trafigura, Sonahydroc has delivered only 6,000 tonnes to service stations over the past two months.

Subscribers only Energy, Commodity traders 29.08.2023

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.

DRC
IMF warns Kinshasa of inflation dangers

The International Monetary Fund (IMF) delegation currently in Kinshasa has alerted its Congolese hosts to the risks of inflation, which has seen prices rise by 17% in the space of a year.

Subscribers only Finance 28.04.2023

In Focus | DRC, Rwanda
As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Faced with Kinshasa's accusations of support for the M23 by Kigali, Rwandan intelligence has been documenting collusion between the Congolese army and the FDLR rebel militias for several months. In this battle of narratives, each side is sharing their classified information with Western capitals.

Subscribers only Defence, Diplomacy 13.03.2023

Intelligence reports are also used as weapons of war in the M23 crisis between Rwanda and the DRC.

DRC
Kinshasa sways between Uganda and Sudan to export its oil

The Congolese authorities are exploring the possibility of exporting the crude extracted from blocks 1 and 2 in the Graben Albertine area through a pipeline across Sudan.

Subscribers only Energy 01.02.2023

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

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.

Subscribers only Energy 06.04.2022

DRC
Gertler clinches deal to shelter from Tshisekedi's legal action

Breaking news, published on 20/02/22, at 19h45 - To put an end to the legal action Kinshasa has been planning to launch against him over the past months, mining magnate Dan Gertler has struck a compromise financial deal covering all claims against him.

Subscribers only Business 18.02.2022

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Caprikat
China National Offshore Oil Corporation
Dan Gertler
Delek
Didier Budimbu
East African Crude Oil Pipeline
ENI
Felix Tshisekedi
Foxwhelp
Jean-Claude Kabongo
M23
Office of Foreign Assets Control
Patrick Pouyanne
TotalEnergies
Vladimir Putin

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

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Washington divided over Dan Gertler audit

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Indigo Publications' websites

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

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

DRC Washington divided over Dan Gertler audit

In Focus | DRC Dan Gertler's billions of dollars in royalties at heart of huge legal battle

DRC Sanctions against Dan Gertler continue to divide Washington

DRC Sonahydroc fears competition for Ango-Ango pipelines concession contract

DRC DRC's Tshisekedi delays decision on who will take over Gertler's former oil blocks

DRC Sonahydroc has trouble selling stock bought from Trafigura

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

DRC IMF warns Kinshasa of inflation dangers

In Focus | DRC, Rwanda As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

DRC Kinshasa sways between Uganda and Sudan to export its oil

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

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

DRC Gertler clinches deal to shelter from Tshisekedi's legal action

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

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

DRC
Washington divided over Dan Gertler audit

In Focus | DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

DRC
Sanctions against Dan Gertler continue to divide Washington

DRC
Sonahydroc fears competition for Ango-Ango pipelines concession contract

DRC
DRC's Tshisekedi delays decision on who will take over Gertler's former oil blocks

DRC
Sonahydroc has trouble selling stock bought from Trafigura

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

DRC
IMF warns Kinshasa of inflation dangers

In Focus | DRC, Rwanda
As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

DRC
Kinshasa sways between Uganda and Sudan to export its oil

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

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

DRC
Gertler clinches deal to shelter from Tshisekedi's legal action