What good is an oil sector without oil? How regime security and shorttermism explains DR Congo’s (non-)oil sector
Patrick Edmond and
No 26, IOB Analyses & Policy Briefs from Universiteit Antwerpen, Institute of Development Policy (IOB)
• The DRC has major possibilities for oil development, but very little actual development. • A major barrier is state inaction or blockages. • These emerge due to regime stability concerns. These are manifests in two key ways: The sector is a major source of patronage and rent-extraction. These rents are not created through the active production and development of the sector, but through selling access. Oil sector development is contrary to regime stability: internal geopolitics, regional relationships, and central control over major wealth are threatened by sector development. • These elements have not only prevented companies from exploration and production, but have discouraged further investor interest. • Change is unlikely. The disincentives which have blocked development in the past remain strong.
Keywords: Congo; DRC; oil (search for similar items in EconPapers)
Pages: 5 pages
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Persistent link: https://EconPapers.repec.org/RePEc:iob:apbrfs:2018001
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