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Gabon confronts the producers amid new oil policy

Oil companies operating in Gabon seem set for a bumpy ride as the government gives wings to its new oil policy

For decades, Gabon has been seen as a safe if unexciting oil province – but recent developments are changing that view. The government is implementing a new oil policy designed to increase sharply the state’s share of oil revenues, and it is carving-out a wide-ranging role for its new state oil company. Some say that recent confrontations with the producers were planned as asset-grabs for the new company. The Gabon Oil Company (GOC), set up in 2011 after the government had been without a state oil company for many years, already has oil production. In January it took over the running of the Obangué onshore field, after the authorities claimed it back from Addax, a wholly-owned subsidiary of

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