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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. [...]

Published on 17/12/2020 at 06:00 GMT Reading time 2 minutes

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Energy

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DRC
Andrea Brown
Augustin Kubaya
Bernard Takahishe Ngumbi
Caprikat
Cnooc
Dan Gertler
Dig Oil
Felix Tshisekedi
Foxwhelp
International Chamber of Commerce
Joseph Kabila
Kinuani Kamitatu Massamba
Nicolas Kazadi
Total
Union pour la democratie et le progres social

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
Oil minister makes incognito visit to Paris to sound out Total on blocks 1 & 2

President Tshisekedi wants to quickly find investors for the most promising permits in the DRC. While his minister of hydrocarbons Didier Budimbu is scoping the field, the game is still on.

Subscribers only Energy 13.07.2021

Didier Budimbu, the new hydrocarbons minister.

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.

Subscribers only Energy 10.05.2021

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.

Uganda
Total again postpones its final investment decision on Lake Albert oil project

President Yoweri Museveni looks likely to face a long wait for the start of oil production as the French major hesitates about giving the go-ahead for development work because of concerns about Uganda's political stability.

Subscribers only Energy 23.02.2021

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
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

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.

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.

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.

Subscribers only Energy 03.07.2020

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

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DRC
Andrea Brown
Augustin Kubaya
Bernard Takahishe Ngumbi
Caprikat
Cnooc
Dan Gertler
Dig Oil
Felix Tshisekedi
Foxwhelp
International Chamber of Commerce
Joseph Kabila
Kinuani Kamitatu Massamba
Nicolas Kazadi
Total
Union pour la democratie et le progres social

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Ivory Coast
French investigation sends tremors through Abidjan's political class

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

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

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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
Oil minister makes incognito visit to Paris to sound out Total on blocks 1 & 2

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

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

Uganda
Total again postpones its final investment decision on Lake Albert oil project

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

DRC
Dig Oil arbitration: Tshisekedi snubs US court

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

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

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

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

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About Africa Intelligence

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Indigo Publications' websites

Ivory Coast French investigation sends tremors through Abidjan's political class

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

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Spotlight | DRC Dig Oil comes up against unflappable state negotiators over $619m 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 Oil minister makes incognito visit to Paris to sound out Total on blocks 1 & 2

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

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

Uganda Total again postpones its final investment decision on Lake Albert oil project

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

DRC Dig Oil arbitration: Tshisekedi snubs US court

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

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

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

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Ivory Coast
French investigation sends tremors through Abidjan's political class

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

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

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

DRC
Oil minister makes incognito visit to Paris to sound out Total on blocks 1 & 2

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

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

Uganda
Total again postpones its final investment decision on Lake Albert oil project

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

DRC
Dig Oil arbitration: Tshisekedi snubs US court

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

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

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

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