Gertler is subject to US sanctions, as in 2017, the US accused him of amassing a fortune through ‘opaque and corrupt mining and oil deals in DRC’
Dan Gertler. Picture: BLOOMBERG / SIMON DAWSON
Tullow declined to comment. Eni said in an e-mailed statement that it was not interested in the blocks. A spokesperson for Total said the company had left DRC and was not interested in the licences. To start the transfer process, state-owned oil company Sonahydroc would first take over the DRC government’s 15% interest in each of the two blocks, according to two of the people and an August letter sent by former interim oil minister, John Kwet Mwan Kwet, to DRC president Felix Tshisekedi, which was seen by Bloomberg News. Gertler’s companies would then fully relinquish their 85% stake in the blocks to Sonahydroc.
If the proposed transaction were completed, Gertler’s company could receive compensation of as much as $150m, two of the people said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO calls for funding as DRC faces 'world's worst measles epidemic' | IOL NewsA shortage of funds remained a huge barrier in efforts to curb the DRC measles outbreak that had already claimed over 6 000 lives, WHO said.
Read more »
SA Air Force plane crash lands and catches fire in the DRCA SA Air Force transport aircraft appeared to have crashed and partially caught fire during landing on Thursday at Goma airport in the eastern Democratic Republic of the Congo.
Read more »
SA Air Force plane crash lands and catches fire in DRC - 67 people safeA SA Air Force transport aircraft appeared to have crashed and partially caught fire during landing on Thursday at Goma airport in the eastern Democratic Republic of the Congo.
Read more »
SA military plane crash lands in DRC - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A South African C130 military transport plane has crash-landed at Goma airport in the eastern DRC.
Read more »
Bad weather blamed for SA military plane crash in DRC - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Bad weather has been blamed for the crash landing of the Defence Force C 130 transport aircraft in the Democratic Republic of the Congo (DRC).
Read more »
JUST IN: SA Air Force plane crash-lands at DRC's Goma Airport | IOL NewsSANDF spokesperson Siphiwe Dlamini said the plane had been deployed in the DRC as part of a United Nations' peacekeeping mission.
Read more »