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Spotlight | DRC
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. [...]

Published on 03/07/2020 at 06:00 GMT Reading time 2 minutes

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Energy

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DRC
Célestin Tunda Ya Kasende
Dig Oil
Exim Bank of China
Felix Tshisekedi
Gety Mpanu Mpanu
International Chamber of Commerce
Joseph Kabila
Parti du Peuple pour la Reconstruction et la Democratie
Vital Kamerhe

DRC
How Tshisekedi jets around with no official planes of his own

After spending months tackling a political crisis at home and forming a new government, the head of state is now working on rebuilding his international ties. But with the presidential fleet grounded, Félix Tshisekedi has to rely on charter firms to get him around the world.

Subscribers only Politics 21.05.2021

President Félix Tshisekedi visited Paris on 17 May 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.

DRC
South Kivu elite battle for share of Luhihi gold rush

Since gold was discovered last year in Luhihi, near the town of Bukavu in the DR Congo, diggers have been flocking to the area. Traditional chiefs, provincial notables, military leaders, and various other officials have also joined the chaotic scramble to extract money from the site.

Subscribers only Mining 16.03.2021

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

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

La RDC n'a pas répondu aux convocations du tribunal du District of Columbia dans le cadre d'un conflit à plus de 619 millions de dollars qui l'oppose à la société sud-africaine Dig Oil.

Subscribers only Energy 21.10.2020

DRC
Moïse Ekanga can stay senator and head of Sino-Congolese Programme coordination bureau

Despite pressure from civil society bodies claiming that his position as a senator is incompatible with that of executive secretary of the bureau, the influential Moïse Ekanga is unlikely to lose his job.

Subscribers only Mining 14.10.2020

DRC
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.

Subscribers only Energy 30.09.2020

DRC
$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.

Subscribers only Energy 19.08.2020

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

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.

Subscribers only Energy 08.05.2020

DRC
President's office summons officials to account for Dig Oil and Caprikat/Foxwhelp extensions

According to our sources, the new director of the president [...]

Subscribers only Energy 11.06.2019

DRC
Dig Oil: Andrea Brown's Congolese dream team

The International Chamber of Commerce (ICC) arbitral ruling in Dig Oil's favour over its dispute with the Congo-K on the [...]

Subscribers only Energy 28.05.2019

DRC
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.

Subscribers only Energy 26.02.2019

DRC
How Dig Oil landed ticket for Cuvette Centrale in the final hour

According to our sources, Dig Oil is understood to have snapped up blocks 8, 23 and 24 of the Cuvette [...]

Subscribers only Energy 12.02.2019

DRC
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.

Subscribers only Energy 11.12.2018

Spotlight | DRC
Washington and Paris prepare to call Kabila's bluff

With his last term in office due to expire in December 2016, Joseph Kabila is maintaining the suspense surrounding his intentions and ratcheting up tensions as the presidential election approaches. Under the new electoral law, he cannot stand for re-election, [.

Subscribers only Politics 06.06.2018

Joao Lourenco (left) is expected to convince Joseph Kabila to respect the electoral schedule.

Set up email notifications for these topics

DRC
Célestin Tunda Ya Kasende
Dig Oil
Exim Bank of China
Felix Tshisekedi
Gety Mpanu Mpanu
International Chamber of Commerce
Joseph Kabila
Parti du Peuple pour la Reconstruction et la Democratie
Vital Kamerhe

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

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Set up email notifications for these topics

DRC
How Tshisekedi jets around with no official planes of his own

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

DRC
South Kivu elite battle for share of Luhihi gold rush

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

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC
Moïse Ekanga can stay senator and head of Sino-Congolese Programme coordination bureau

DRC
Dig Oil arbitration: Tshisekedi snubs US court

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

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

DRC
President's office summons officials to account for Dig Oil and Caprikat/Foxwhelp extensions

DRC
Dig Oil: Andrea Brown's Congolese dream team

DRC
Dig Oil drags Tshisekedi into his first oil crisis

DRC
How Dig Oil landed ticket for Cuvette Centrale in the final hour

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

Spotlight | DRC
Washington and Paris prepare to call Kabila's bluff

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About Africa Intelligence

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Indigo Publications' websites

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

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

DRC How Tshisekedi jets around with no official planes of his own

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

DRC South Kivu elite battle for share of Luhihi gold rush

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

DRC $619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC Moïse Ekanga can stay senator and head of Sino-Congolese Programme coordination bureau

DRC Dig Oil arbitration: Tshisekedi snubs US court

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

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

DRC President's office summons officials to account for Dig Oil and Caprikat/Foxwhelp extensions

DRC Dig Oil: Andrea Brown's Congolese dream team

DRC Dig Oil drags Tshisekedi into his first oil crisis

DRC How Dig Oil landed ticket for Cuvette Centrale in the final hour

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

Spotlight | DRC Washington and Paris prepare to call Kabila's bluff

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

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

DRC
How Tshisekedi jets around with no official planes of his own

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

DRC
South Kivu elite battle for share of Luhihi gold rush

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

DRC
$619m arbitration: deputy justice minister Bernard Takahishe Ngumbi gives Dig Oil a helping hand

DRC
Moïse Ekanga can stay senator and head of Sino-Congolese Programme coordination bureau

DRC
Dig Oil arbitration: Tshisekedi snubs US court

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

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

DRC
President's office summons officials to account for Dig Oil and Caprikat/Foxwhelp extensions

DRC
Dig Oil: Andrea Brown's Congolese dream team

DRC
Dig Oil drags Tshisekedi into his first oil crisis

DRC
How Dig Oil landed ticket for Cuvette Centrale in the final hour

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

Spotlight | DRC
Washington and Paris prepare to call Kabila's bluff