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Gabon to Introduce Dual Legal Framework to Replace 2019 Hydrocarbon Code

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7 months ago

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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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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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10 hours ago

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April 29, 2026

By

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

16 hours ago

on

April 29, 2026

By

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

16 hours ago

on

April 29, 2026

By

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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