Gabon: Government to Announce 2016 Deepwater Bid Round Later This Month

Minister of Petroleum Etienne Ngobou will formally announce the specifics of the 2016 deepwater bid round at the 22nd Africa Oil Week Conference in Cape Town, South Africa in the last week of October. The upcoming announcement of the long-awaited bid round follows the somewhat abortive process held in 2013-2014. During the first round of

Gabon: Presidential Cabinet Chief Detained in France: Implications for Investors

On 3 August presidential cabinet chief Maixent Accrombessi was detained by OCLCLIF agents in the Paris suburb of Nanterre. Accrombessi was questioned over his role in a €7mn contract issued in 2005 by the Gabonese Ministry of Defense with French company Marck for military uniforms for the country’s armed forces; at the time, President Ali

Gabon: Economy Minister’s Comments Highlight Obstacles and Opportunities

Minister of Economy Regis Immongault recently made official comments on the economic and budgetary situation in Gabon, stating that the country’s economic growth will reach 4.8% in 2015. Immongault also admitted that the Gabonese government is facing a “difficult macroeconomic environment,” but that it had “initiated numerous actions to preserve economic growth in an environment