Energy

Oil is the lifeblood of Gabon’s economy, representing half of state revenues and around 80% of export earnings in 2014. The absence of major new discoveries, declining production at mature fields and the halving of oil prices over the past year have dampened the short-term outlook, leading to a push for enhanced oil recovery and new exploration. If confirmed, recent offshore gas discoveries will help to boost output.

This chapter includes interviews with Etienne Dieudonné Ngoubou, Minister of Petroleum and Hydrocarbons; and Serge Toulekima, CEO, Gabon Oil Company.