Jump to navigation

Vol 51 No 14

Published 9th July 2010


South Africa

Secret oil deal

The emergence of Khulubuse Zuma, the nephew of South African President Jacob Zuma, as a leading player in Congo-Kinshasa’s oil industry has provoked curiosity and anger in almost equal measure. Caprikat and Foxwhelp – two companies which Khulubuse Zuma claims to own – are registered in the British Virgin Islands and have won highly favourable production-sharing agreements (PSAs) for Blocks 1 and 2 on the Congolese side of Lake Albert. On 18 June, President Joseph Kabila confirmed the awards in a decree, but neither the state’s Congolaise des hydrocarbures (Cohydro), or oil ministry staffers were involved in the highly secretive negotiations.

End of preview - This article contains approximately 628 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.