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

DRC President Felix Tshisekedi keeps a close watch on the Dig Oil arbitration settlement. © U.S. Department of State/Public domain

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. [...]

Published on 16/09/2020 at 06:00 GMT Reading time 3 minutes

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Energy

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DRC
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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.

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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.

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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.

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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.

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$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.

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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.

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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.

Set up email notifications for these topics

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

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

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

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

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Dig Oil takes advantage of Kinshasa's silence in US court

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

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

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Dig Oil arbitration: Tshisekedi snubs US court

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

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About Africa Intelligence

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Indigo Publications' websites

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

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

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

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

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

DRC Dig Oil takes advantage of Kinshasa's silence in US court

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

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

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 Former minister John Kwet left Felix Tshisekedi loaded oil report

Spotlight | DRC Total and Tullow's approach for blocks 1, 2 and 3 murkier and murkier

DRC Blocks 1 and 2: Petroleum ministry still in talks over deal with Total

DRC Dig Oil drags Tshisekedi into his first oil crisis

DRC Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

Spotlight | DRC Is Dan Gertler facing his last days in oil?

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

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

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

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

DRC
Dig Oil takes advantage of Kinshasa's silence in US court

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

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

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
Former minister John Kwet left Felix Tshisekedi loaded oil report

Spotlight | DRC
Total and Tullow's approach for blocks 1, 2 and 3 murkier and murkier

DRC
Blocks 1 and 2: Petroleum ministry still in talks over deal with Total

DRC
Dig Oil drags Tshisekedi into his first oil crisis

DRC
Total/Dan Gertler - Dig Oil/Cuvette: the two files now on Tshisekedi's plate

Spotlight | DRC
Is Dan Gertler facing his last days in oil?