Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border

Oil production on Lake Albert.
Oil production on Lake Albert.

The Democratic Republic of Congo is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.

The Congolese government has talked to Tullow Oil Plc about purchasing a stake in the Lake Albert licenses along the country’s border with Uganda, said four people with knowledge of the discussions. Total SA and Eni SpA had also showed some interest, two of the people said.

Continue reading “Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border”

Will DR Congo allow oil drills into Virunga?

Mountain gorilla in Virunga national parkIn the dense jungle of Virunga National Park, ranger Yaya Mburanumwe swings a sharpened machete to clear a path through the undergrowth. Mburanumwe is leading a group of six people to meet the parks undisputed stars, the mountain gorillas.

In a lush clearing a giant silverback lies on his back, scratching his belly, a couple of youngsters play in the undergrowth, and a baby gorilla rides on his mother’s shoulders. Mburanumwe gently grunts at the silverback, to assure him we are friend not foe.

It’s this experience that the park is hoping to sell to tourists. But despite its incredible natural beauty and diverse animal life, Virunga Park is a hard sell. Conflict and corruption have plagued the region for over two decades. An Continue reading “Will DR Congo allow oil drills into Virunga?”

A murky deal for the Congo as oil exploration threatens corruption and environmental damage – and London-based Soco International is first in the queue

32-congo-minerAs peace looks within reach in the Democratic Republic of Congo, Western agencies including the IMF and Unesco fear the government there is about to push through new laws that will leave the famously corruption-prone country open to industrial-scale bribery and environmental damage in its potentially vast oil industry. Continue reading “A murky deal for the Congo as oil exploration threatens corruption and environmental damage – and London-based Soco International is first in the queue”

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