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DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

The South African junior is eagerly awaiting validation of a financial agreement negotiated under the former government last year. Two of its signatories have in the meantime become ministers. [...]

Published on 10.05.2021 at 05:00 GMT Reading time 2 minutes

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Energy

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DRC
Bernard Takahishe Ngumbi
Caprikat
Dan Gertler
Desire-Cashmir Kolongele Eberande
Dig Oil
Felix Tshisekedi
Foxwhelp
Guylain Nyembo
International Chamber of Commerce
Jean-Michel Sama Lukonde
Nicolas Kazadi
Nozi Mwamba
Philippe Chansay-Wilmotte

DRC
Efora Energy wants out of block 3, just Dig Oil remains

Efora Energy no longer considers block 3 it co-owns with Dig Oil in the DR Congo a strategic asset and wants to withdraw from it, according to our sources. The block was owned by TotalEnergies until 2019.

Subscribers only Energy 22.02.2022

DRC
Dig Oil wins confirmation of $619m arbitration award against DRC in Brussels

Following the United States, the Belgian courts have also ruled in favour of enforcing the decision of a Paris arbitration court in favour of the oil junior Dig Oil against Kinshasa.

Subscribers only Energy 31.01.2022

DRC
Entrepreneur Idro Taban behind Tshisekedi's $58m armoured vehicle deal

A major contract to renew the president's fleet has been "provisionally" awarded to a company owned by an entrepreneur with many interests in Uganda.

Subscribers only Business 24.01.2022

DRC
Kinshasa's legal team in Dig Oil case takes surprise turn

Miami-based lawyer William Sanchez is now working with a new partner in Washington in his defence of the Congolese state in the Dig Oil case. But it is unclear why, and questions remain as to who exactly hired Sanchez in the first place.

Subscribers only Energy 22.12.2021

DRC
Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

Despite never having paid any attention to the American aspect of the Dig Oil case, the DRC suddenly decided to take an interest by filing an appeal. But the appeal was poorly drafted and immediately rejected.

Subscribers only Energy 28.10.2021

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

DRC
New justice minister takes on responsibility for Dig Oil arbitration case

The president's office has appointed new officials to oversee the thorny issue of arbitration with the South African junior.

Subscribers only Energy 01.06.2021

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

The Israeli diamond dealer is trying to counter the effects of US sanctions on his Congolese companies and is hoping to get a new extension on his oil permits.

Subscribers only Energy 04.05.2021

Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

Dig Oil's founder managed to infiltrate the Congolese head of state's entourage and steer its negotiations with his company.

Subscribers only Energy 13.04.2021

Spotlight | DRC
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.

Subscribers only Energy 26.03.2021

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

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

The arbitration ruling won by Dig Oil against the DRC has put the head of state's advisers at loggerheads. Felix Tshisekedi's inner circle are pressing him to seek a settlement with the South African oil company, while one of the country's legal advisers is pleading for an energetic legal counter-attack.

Subscribers only Energy 15.03.2021

Félix Tshisekedi Tshilombo, President of the Democratic Republic of Congo.

Spotlight | DRC
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.

Subscribers only Energy 17.12.2020

Spotlight | DRC
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.

Subscribers only Energy 16.09.2020

DRC President Felix Tshisekedi keeps a close watch on the Dig Oil arbitration settlement.

Set up email notifications for these topics

DRC
Bernard Takahishe Ngumbi
Caprikat
Dan Gertler
Desire-Cashmir Kolongele Eberande
Dig Oil
Felix Tshisekedi
Foxwhelp
Guylain Nyembo
International Chamber of Commerce
Jean-Michel Sama Lukonde
Nicolas Kazadi
Nozi Mwamba
Philippe Chansay-Wilmotte

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DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

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Set up email notifications for these topics

DRC
Efora Energy wants out of block 3, just Dig Oil remains

DRC
Dig Oil wins confirmation of $619m arbitration award against DRC in Brussels

DRC
Entrepreneur Idro Taban behind Tshisekedi's $58m armoured vehicle deal

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Kinshasa's legal team in Dig Oil case takes surprise turn

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Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

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

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New justice minister takes on responsibility for Dig Oil arbitration case

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

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

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

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

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

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Indigo Publications' websites

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DRC Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

This article may be accessed by subscribers

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Set up email notifications for these topics

DRC Efora Energy wants out of block 3, just Dig Oil remains

DRC Dig Oil wins confirmation of $619m arbitration award against DRC in Brussels

DRC Entrepreneur Idro Taban behind Tshisekedi's $58m armoured vehicle deal

DRC Kinshasa's legal team in Dig Oil case takes surprise turn

DRC Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

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

DRC New justice minister takes on responsibility for Dig Oil arbitration case

Spotlight | DRC Why is Dan Gertler transferring his oil assets to new firms?

Spotlight | DRC New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

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

In Focus | DRC Tshisekedi's advisers split over response to $617m arbitration award

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

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

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

DRC
Dig Oil's compensation hopes rise with ministerial appointment of deal's signatories

DRC
Efora Energy wants out of block 3, just Dig Oil remains

DRC
Dig Oil wins confirmation of $619m arbitration award against DRC in Brussels

DRC
Entrepreneur Idro Taban behind Tshisekedi's $58m armoured vehicle deal

DRC
Kinshasa's legal team in Dig Oil case takes surprise turn

DRC
Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

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

DRC
New justice minister takes on responsibility for Dig Oil arbitration case

Spotlight | DRC
Why is Dan Gertler transferring his oil assets to new firms?

Spotlight | DRC
New Finance Minister Nicolas Kazadi's ties with Dig Oil founder Nozi Mwamba

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

In Focus | DRC
Tshisekedi's advisers split over response to $617m arbitration award

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

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