Market Size of Gabon Oil and Gas Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gabon Oil and Gas Market Analysis
The Gabon oil and gas market is expected to register a CAGR of more than 2% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. However, the market has reached pre-pandemic levels.
Updated hydrocarbon code and upcoming projects are expected to drive the market's growth during the forecast period. However, the lack of downstream sector infrastructure has been restraining the market's growth.
However, in July 2019, Gabon adopted the Hydrocarbon code 2019 to liberalize the market studied by providing more attractive opportunities to companies investing in Gabon's oil and gas sector. Financial incentives and the promotion of investment from private companies are a few changes adopted in this law.
