Gabon reopened its borders on Saturday, three days after closing them during a military coup in which president Ali Bongo was ousted. Vessel tracking platforms showed on Monday morning ships heading in and out of the oil-rich West African nation.
According to the International Energy Agency, Gabon currently produces around 210,000 barrels per day. By far the largest buyer of Gabon’s oil is China, according to tanker brokers Poten & Partners.
“Gabon is highly dependent on revenues from the sale of oil (and other commodities) and unless the country becomes subject to sanctions (which is unlikely), exports will go back to normal,” Poten noted in its most recent weekly report.
