Gabon expands mobile services

Gabon expands mobile services

Gabon has a mobile penetration rate of around 190% (at end-2014), which is one of the highest in sub-Saharan Africa. The country’s telecommunications sector could receive a boost over the next few years from the roll-out of more extensive 3G and 4G mobile networks. Service providers have invested heavily to expand their infrastructure across Libreville and Port Gentil, which is likely to intensify competition between the three service providers...

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Gabon resolves long-running oil dispute

Gabon resolves long-running oil dispute

Gabon is the fifth largest liquid fuels producer in Sub-Saharan Africa, although its production is a fraction of that in the region’s two largest producers (Nigeria and Angola). However, recent developments in Gabon are promising and could pave the way for increased foreign investment and rising production levels over the next five years. The Gabonese government finally settled a long-running oil license dispute with Addax (a subsidiary of the...

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Gabon deep sea licensing round gets underway

Gabon deep sea licensing round gets underway

The discovery of gas condensate in a pre-salt layer earlier this year has raised expectations that Gabon is on the verge of an offshore oil windfall that could offset declining output from mature fields and provide much needed finance to the domestic economy. The government hopes that new discoveries will eventually raise oil production to 500,000 barrels per day (bpd) from a projected 230,000 bpd in 2014. In October, Gabon awarded various...

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Gabon confirms new oil and gas potential

Gabon confirms new oil and gas potential

New deep-water oil and gas systems could provide Gabon with a timely boost and help offset declining output from large, mature fields over the coming decade. Exploration in 2013 has resulted in discovery of pre-salt oil and gas systems and raised expectations that the country has substantial pre-salt potential. The government is determined to adopt a more assertive role in extracting value from its natural resources. Over the past few years, it...

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Gabon tries to diversify

Gabon tries to diversify

Gabon has set out a range of administrative and financial incentives to attract foreign firms into priority growth sectors such as agriculture, agro-processing, manufacturing, mining, timber, telecommunications and tourism. This is part of the government’s drive to diversify the economy away from oil sector, where new discoveries have been largely absent over the past decade and production has remained anchored at around 250,000 bpd since 2002....

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