Together with a historical lack of investment in water infrastructure, the growth of cities has gradually resulted in uneven access to drinking water across the country and within urban centres. Furthermore, low investment in water cleaning infrastructure has raised sanitation and environmental concerns. Some projects have been implemented in recent...
According to the African Development Bank (AfDB), Gabon has an urbanisation rate of 87% and a similarly high rate of access to electricity, ranging between 70% and 83%. Despite this, the country has experienced difficulty ensuring a stable supply of energy at an affordable cost. High electricity prices, coupled with a struggle to keep up with rising...
Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and, despite declining levels of oil production and government efforts to promote economic diversification, this continues to be true today. According to the World Bank, oil has on average accounted for 45% of GDP, 81% of exports and 60% of budget revenue over the...
Demand for power and water has increased in recent years, driven by growing populations in urban areas, expanding cities and the ambitious economic development plans gradually unfolding. This has put pressure on an already strained system, often resulting in power outages and water-related difficulties such as low pressure and poor quality.
In April 2013, the Ocean Rig Olympia started drilling a first well at 1700 metres of water depth to test the pre-salt potential of Diaba, an oil block located in Gabon’s southern basin and owned by Total Gabon (42.5%), Marathon Oil (21.25%), Cobalt International Energy (21.25%) and the government of Gabon (15%). This is the first deepwater or ultra-...
Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth which the government hopes will become the third pillar of the economy, after oil and petrochemicals.
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