DR Congo oil hopes point to policy dilemmas in a world in transition

Issue 450 - 24 Nov 2021 - By Jon Marks | 4 minute read

President Félix Tshisekedi’s efforts to revive Democratic Republic of Congo (DRC)’s attraction to international oil companies (IOCs) are admirable on paper, as are his efforts to revive – and bring improved governance to – the crucial energy and mining sectors. Having broken with his alliance of convenience with ex-president Joseph Kabila, Tshisekedi’s government is looking for takers for blocks 1 and 2 in the Albertine Graben, and there is talk of a new licensing round, with plans to tender for 16 oil and three gas blocks in the onshore Atlantic basin, Cuvette Centrale and the western Rift Valley.

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