The Democratic Republic of the Congo said exploration permits from companies controlled by Israeli investor Dan Gertler for two huge oil concessions near the eastern border with Uganda are no longer valid, but the companies said they still hold the rights.
The companies have not entered into production in either of the two blocks, which are thought to contain potentially more than a billion barrels of oil. A spokesperson for Oil of DRCongo said the status of the blocks cannot be changed, because of a force majeure that was declared last year due to the government’s lack of progress in securing a way to export the oil.
“Oil of DRCongo remains committed to working with all parties to resolve the force majeure, identifying a competitive evacuation system, and bringing these assets towards production.”
amaBhungane PLMyburgh Go investigate this DRC Congo Oil Exploration Licenses that involve the notorious Dan Gertler also involved SA Companies that raised capital to develop it and never did develop it ANC was indirectly involved with high profile Politicians as well!