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Komo Ressources Group (KOREG) Makes History as First Gabonese Private Operator to Deliver First Oil at Autour Field

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African Energy Chamber

Komo Ressources Group has made history as Gabon’s first private national operator to deliver first oil, bringing the Autour field onstream and signaling renewed upstream momentum

JOHANNESBURG, South Africa, November 28, 2025/APO Group/ –Gabon has entered a new chapter in its energy evolution. For the first time ever, a private national oil company has opened a new field and delivered first oil. Komo Ressources Group (KOREG), a rising indigenous operator, has officially brought the Autour field onstream, producing its first barrels on November 27, 2025. The milestone marks a defining moment for Gabon’s upstream sector, showcasing the strength of empowered local companies and reinforcing the country’s commitment to revitalizing onshore production.

 

The African Energy Chamber (AEC) strongly welcomes this achievement. KOREG’s success demonstrates what becomes possible when national companies are supported, trusted and encouraged to lead. It affirms the Chamber’s long-standing message that African operators, when given the room to perform, can drive real production growth, deliver real value and anchor long-term energy security.

This achievement shows that when national companies are empowered, they rise to the challenge

KOREG’s road to first oil has been a story of determination, technical discipline and strategic execution. After signing an exploration and production sharing agreement with the Ministry of Petroleum in April 2024, the company moved swiftly to transform Autour into a producing asset. A development contract was awarded to international service provider China Oil HBP Group in July 2024, marking the official start of commercial exploitation. From there, KOREG delivered a fully new central processing facility (CPF), drilled two wells and advanced the project through the final stages of commissioning. Less than two years after the exploration and production sharing agreement signing, the company turned Autour into a producing field – a remarkable accomplishment for a first-time national operator.

This progress reflects a sector operating with clear policy direction and active government support. Under President Brice Oligui Nguema and Minister of Oil and Gas Sosthène Nguema Nguema, Gabon has implemented a pro-development agenda that prioritizes new investment, fresh exploration activity and stronger local participation. The government’s ongoing reforms – from updating petroleum laws to introducing a dual legal framework and modernizing labor standards – are establishing a more competitive, more accountable and more investor-friendly upstream environment. KOREG’s success is an early example of what these reforms are designed to unlock.

For the AEC, first oil at Autour is a powerful signal. It shows that Gabon’s upstream future is not limited to the contributions of long-established international operators, strong as they remain, but will increasingly be shaped by domestic players stepping forward with capability and ambition. KOREG has proven that Gabonese companies can deliver the technical work, manage complex timelines and bring new barrels to market, even in a competitive global landscape. This is precisely the kind of indigenous leadership the Chamber has consistently advocated for across Africa.

“First oil from the Autour field is not just a win for KOREG; it is a win for Gabon,” states NJ Ayuk, Executive Chairman, AEC. “This achievement shows that when national companies are empowered, they rise to the challenge. KOREG’s performance is a strong sign that Gabon’s upstream future will be increasingly defined by the success of its own people, its own engineers and its own operators.”

With first oil now flowing, KOREG has positioned itself as a catalyst for Gabon’s upstream renewal, demonstrating how local capability, clear regulation and investor confidence can work together to deliver new production. As Gabon pushes to unlock deepwater prospects, revitalize mature assets and expand onshore development, the Chamber expects more national companies to follow KOREG’s lead. For now, Autour stands as a historic milestone – a field opened by a private Gabonese operator, developed at speed, executed with modern local capacity and now delivering new barrels for the country. The AEC congratulates KOREG on this landmark achievement and reaffirms its support for Gabon’s drive to grow production, deepen local participation and build a resilient, competitive and proudly African energy sector.

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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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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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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