After that, Gabon had no national petroleum company until the Gabon Oil Company was established in June 2011. The government of Gabon controls petroleum and mineral rights within the state.
Who is responsible for the retail of petroleum products in Gabon?
These include the Gabonese Company for the Storage of Petroleum Products (SGEPP) and Gabon Oil Downstream, which is responsible for retail.
Did Gabon have a national oil company?
While Gabon was without a national oil company, it leased and sold blocks for petroleum development to outside interests. Addax Petroleum, a Chinese company, surrendered its lease on the marginal Remboué oil field in September 2012, and Gabon Oil took control of the block.
What happened to Gabon Oil Company?
After a failed attempt to merge upstream and downstream capabilities within national oil company Gabon Oil Company (GOC) in 2019, several state-run downstream companies were left to operate independently from 2020.