News | Oil
| Tullow Oil loses Congolese permit on Lake Albert | |
BBC News - June 24, 2010 | |
 | The Congolese government has given an oil permit claimed by Tullow Oil to a rival consortium. The oil ministry says the permit is invalid as president Kabila did not approve it. The government has given the permit to a rival consortium that includes South Africa's state oil company PetroSa. |
| Chinese Mineral Deal Blocking Congo's IMF Debt Relief | |
VOA News - May 26, 2009 | |
 | Congo's $9,000,000,000 mineral deal with China is holding up agreement with the International Monetary Fund on reducing its external debt. President Joseph Kabila's government wants the IMF to forgive much of its external debt. But the IMF says Congo's massive mineral deal with China could make that debt worse. So it is waiting for the results of a feasibility study next month before deciding on Congo debt relief. |
