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Oil production: Gabon records declines

14/10/2021
Categories: Raw materials

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The Directorate General of Hydrocarbons (DGH) in a note on the situation published in October indicated that oil production during the first half of the year fell by 11.5% compared to the same period last year. last.

Production stood at 4.96 million metric tonnes while exports stood at 4.38 million tonnes, a decrease of 14.9% compared to the previous period. Despite the recovery in global demand, following the gradual lifting of the measures imposed by the health crisis linked to the coronavirus, this drop in exports is related to the global economic context. According to the Directorate General for the Economy and Fiscal Policy (DGEPF), this decline is due “due to certain obligations and natural constraints” observed since the end of last year. This is explained by “the observation of OPEC+ quotas coupled with the decline in production from mature fields”.

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