The future of IT & AI

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 In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings  floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these  years, builds reputations on these  platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled  IT engineers helps big compernies to launch their new products. Their projects, some  complex, with tight deadlines, and the clients willing to pay top dollar for the ri...
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Congo Digs In Over Renewal of Billionaire Gertler’s Oil Permits By Bloomberg• 21 June 2021 Israeli billionaire Dan Gertler

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Democratic Republic of Congo and Dan Gertler are headed for a fight over the Israeli billionaire’s two oil blocks bordering Uganda.

Congo’s oil ministry sent a letter to Gertler’s Oil of DRCongo when the permits expired on June 16 asking for all data and payments related to the project’s 2010 production-sharing agreement.

Gertler’s company still controls the permits because they are under force majeure, a spokesman said by email. “As a result, there is no change to the status of the licenses and Oil of DRCongo has written to the Ministry of Hydrocarbons to confirm this,” he said.

Development of the two blocks on Lake Albert has been complicated by U.S. sanctions against Gertler for alleged corruption in his mining and oil deals in Congo. Gertler denies all wrongdoing and has never been charged.

Congo has discussed transferring the permits to several other oil companies, including Tullow Oil Plc, Total SE and Eni SpA. Total already controls the oil fields on the Ugandan side of the Lake. The French company signed a $5.1 billion deal with Uganda in April to develop a pipeline to ship the oil to a port in Tanzania.

Read More:
Total Signs Agreements with Uganda on East Africa Oil Project
Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border (1)

Congo has yet to negotiate access to the proposed pipeline or to find an alternative way to ship the oil, which justifies the continuation of force majeure, the Oil of DRCongo spokesman said.

A spokesman for Congo’s President Felix Tshisekedi declined to comment.

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