Gabon oil refinery production slips to 600,000 bpd

Jun 14, 2014 12:00 AM

The production of Gabon’s state-run oil refining company has fallen by one third to 600,000 barrels per day (bpd) this year because of disruptions in the supply chain, oil minister Dieudonné Ngoubou said recently.

The production slump at SOGARA has led to a shortage of fuel for domestic consumption and long queues at petrol stations.

“The problems that we have had in the last week are due to poor organization of the distribution chain,” said Ngoubou, who added that gas stations would be replenished soon. “We are forced to import 300,000 barrels from Ivory Coast to meet the need.”

Gabon’s domestic fuel needs were estimated at 900,000 bpd in 2013.
“There is nothing. No more gasoline. Everything was emptied yesterday,” said Laurent, a petrol pump attendant in the Arambo district near the centre of the capital.

State-run Gabon Oil Company plans to become involved in oil refining and has signed a contract with Samsung C&T to build a new 60,000 barrel per day refinery at Port-Gentil.

Gabon is sub-Saharan Africa’s fifth-largest oil producer and pumps around 250,000 barrels per day. Oil accounts for around 50 percent of Gabon’s gross domestic product and 80 percent of export earnings.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« September 2019 »
September
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Register to announce Your Event

View All Events