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Gabon to Introduce Dual Legal Framework to Replace 2019 Hydrocarbon Code

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Gabon

Gabon is separating its existing Hydrocarbons Code into a dedicated Oil Code and Gas Code, strengthening regulatory oversight and improving the business climate

CAPE TOWN, South Africa, October 3, 2025/APO Group/ –Gabon’s Minister of Oil and Gas, Sosthène Nguema Nguema, announced that the country will introduce a dual legal framework to replace its 2019 Hydrocarbons Code. Speaking at the Invest in Gabon Energies Roundtable – sponsored by the Ministry of Oil and Gas of Gabon – at African Energy Week (AEW): Invest in African Energies 2025, Nguema explained that by separating the code into a dedicated Oil Code and Gas Code, the country aims to strengthen transparency and regulatory oversight, thereby attracting new investment across the sector.

“The discoveries we have had and the geological research we have undertaken are all revealing the potential that Gabon holds. The government is committed to implementing a legal framework that allows you to be comfortable in exploring,” stated Nguema.

By separating the existing Hydrocarbons Code, the country is creating a more investment-friendly environment for foreign operators. Duplex Yockot, Director General of Economic, Legal Affairs and Petroleum Data Management, Ministry of Oil and Gas, Gabon, explained that, “The new Oil Code builds on the existing Hydrocarbons Code and will deal with legal aspects associated with the industry. The Gas Code will contain terms that allow us to secure foreign investment in the gas industry.”

These regulatory amendments come as the country implements clear goals to reach 200,000 barrels per day in oil and gas production. Preye Angaye, Executive Director Infrastructure and New Business, Century Group, underscored the value of these objectives. He said, “The goals in the country are very clear and this is something that will encourage any potential investment. Gabon has developed a framework that is functional and supports investments.”

The government is committed to implementing a legal framework that allows you to be comfortable in exploring

In tandem with the new codes, Gabon is advancing seismic research with the aim of improving the geological understanding of the country’s basins. Michel Mouba, Senior Advisor at the Ministry of Oil and Gas, Gabon, explained that “We have undertaken subsurface studies to understand the basin. When it comes to discoveries that have not been developed yet, today, we are wanting to promote these opportunities. We have data – which is key.”

With a renewed mandate to drive Gabon’s oil and gas industry, Gabon Oil Company (GOC) continues to spearhead upstream developments. The company is advancing both mature field redevelopment as well as frontier exploration campaigns, positioning itself as the national driver of oil and gas production.

“Gabon Oil Company has a goal to enhance production and revenue for the government. We need to look forward and that is through exploration. We have a strong advantage as the national oil company and will assist, partner and drive projects [forward] in Gabon,” stated Emery Lepo, Business Strategy Director, GOC.

State-owned Assala Gabon, an affiliate of Assala Energy, continues to deliver stable oil production from its portfolio of onshore assets. With an emphasis on asset rejuvenation, the company has successfully extended field life through enhanced recovery methods, drilling campaigns, and infrastructure upgrades.

Edgar Mba Ognane, Managing Director, Assala Gabon, highlighted upcoming exploration strategies, “We have an ambitious drilling and workover program. We have two workover rigs operating at our assets and we are mobilizing a second drilling unit to monetize all the resources in the ground. We are finalizing the drilling plans, and N’Gongui – a marginal field – will be producing in Q1, 2026. We will also drill an exploration well in 2025.”

For French oil company, Maurel & Prom, Gabon represents a cornerstone of its upstream portfolio. The company produces approximately 16,000 barrels of oil per day and has invested heavily in modernizing production infrastructure. Recent efforts to optimize recovery rates at key onshore blocks underscore Maurel & Prom’s long-term commitment to Gabon’s hydrocarbon sector.

“Gabon has a huge petroleum potential, so it’s important to develop all of this. Gas will become a very important element in the hydrocarbon mix in Gabon. You also need to include communities in the exploration and production projects. We work closely with Gabonese collaborators, bringing them into projects,” shared Olivier de Langavant, CEO, Maurel & Prom.

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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