Natural resources, energy and environment
Gabon has rich natural resources. In addition to oil, manganese, uranium and some gold are extracted. In addition, there are significant iron deposits in the country’s hard-to-reach interior, as well as assets of lead, zinc, and marble. Furthermore, there are large forests, which provide timber.
Oil is mainly extracted by foreign companies, mainly at sea. The traditional oil wells have begun, but the discovery of new, smaller oil wells, which have gradually been put into use with foreign capital, means that the oil can last for 50 years. Almost all oil is exported as crude oil, mainly to the USA, China and France. Gabon has been, but is no longer, a member of the oil-producing countries’ cooperative organization, Opec.
- COUNTRYAAH: Major exports by Gabon with a full list of the top products exported by the country. Includes trade value in U.S. dollars and the percentage for each product category.
There are also hopes of gas supplies in the sea.
For the extraction of other minerals such as manganese and iron ore, it looks bright through new investments in these industries. Prospects show that Gabon may have the world’s largest yet unexploded iron ore deposit, in Belinga in the northeast. However, several organizations have sued companies that conduct mining operations to the extent that their activities have a negative impact on people’s environment and health.
The conditions for hydropower are good. Hydroelectric power stations account for just over half of the country’s electricity generation. The rest comes from oil and natural gas. However, a large part of the population lacks access to electricity and even in cities such as Libreville, the electricity supply can be frivolous. In the countryside, wood is used extensively for cooking and heating.
- Abbreviationfinder: A popular acronym site in the world covering abbreviation for each country. For example, GA stands for Gabon. Visit itypeusa for more information about Gabon.
Gabon has about 13 percent of the Central African forest population and one of the largest populations of the african African elephant. The wood elephant’s pastures are considered to be of a very high quality and are therefore particularly sought after. Between 2004 and 2012, 11,000 elephants were killed by poachers, according to a report compiled by the Gabon National Park Authority in collaboration with the World Wildlife Fund and the Wildlife Conservation Society.
FACTS – ENERGY AND ENVIRONMENT
Energy use per person
3 007 kilograms of oil equivalent (2014)
Electricity consumption per person
1304 kWh, kWh (2014)
Carbon dioxide emissions in total
5 192,000 tonnes (2014)
Carbon dioxide emissions per inhabitant
2.8 tonnes (2014)
The share of energy from renewable sources
82.0 percent (2015)
Violent protests against the president
At least one person is killed and an unknown number injured in protests against President Bongo. At least 20 people are arrested. According to the opposition party Front for Change, three protesters are killed. The opposition calls for new protests throughout the country. The demonstration in Libreville has been banned by the Home Office. Tensions have risen in the country since a journalist published a book in which the president is accused of falsifying his birth certificate and academic grades.
New Prime Minister
President Bongo appoints Daniel Ona Ondo as Prime Minister. He has most recently been Deputy Speaker of Parliament and has previously held several government assignments, including as Minister of Education and Culture.