What happened to Gabon Oil Company?

After a failed attempt to merge upstream and downstream capabilities within national oil company Gabon Oil Company (GOC) in 2019, several state-run downstream companies were left to operate independently from 2020.

Could Gabon be a major oil hub?

If current feasibility studies are favorable, the project could connect up to 125 billion barrels of crude oil and 1.6 trillion cubic feet of natural gas reserves with the global economy by 2030, positioning Gabon at the center of a major regional downstream hub.

What does Gabon export?

Gabon's notable exports include timber, uranium, and manganese.

Are Gabon's downstream industries finally coming of age?

Yet a slew of recent investments in refining, gas-to-power and associated infrastructure means that Gabon’s downstream industries are finally coming of age, with profound implications for the country’s export revenues, access to petroleum products, and current and future energy matrices.

How much oil does Gabon import?

Despite its hydrocarbon wealth, Gabon imports roughly 45% of its refined petroleum products (primarily from Europe), driving up state expenditures and the cost of living for its citizens.

Does Gabon need a Central African pipeline system (CAPS)?

Finally, Gabon’s mid- and downstream ambitions are extending beyond its borders with the development of the Central African Pipeline System (CAPS), for which a coalition of Central African nations signed an MOU last September.