Looks To Seize Oil Licenses From Corrupt Israeli Billionaire

By Tsvetana Paraskova – Jan 10, 2020, 10:30 AM CST,OILPRICE

The Democratic Republic of Congo is considering taking over two oil licenses from an Israeli billionaire who is under U.S. sanctions for corrupt deals, and sell the exploration blocks to another operator, Bloomberg reports, quoting people familiar with the talks.

Israeli businessman and billionaire Dan Gertler, whose companies hold the licenses for exploring for oil on two blocks in Congo close to the border with Uganda, was sanctioned by the U.S. Treasury in December 2017