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A pedestrian walks alongside oil storage tanks at a facility in the Alrode district of Johannesburg, South Africa, on Tuesday, April 21, 2020. The oil meltdown accelerated, with huge losses sweeping through markets as the world runs out of places to store unwanted crude and grapples with negative pricing. Photographer: Waldo Swiegers/Bloomberg

Congo hit by oil explorer’s bid to enforce $619 million award

06/05/2020

by Bloomberg

A South African oil-exploration company has turned to U.S. courts in a bid to enforce a $619 million arbitration award against the Democratic Republic of Congo.