Market Size of Gabon Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 0.11 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gabon Oil and Gas Downstream Market Analysis
The Gabon oil and gas downstream market is expected to witness a CAGR of more than 0.11% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the long term, increasing consumption of petroleum products is expected to boost the demand for the market studied during the forecast period.
- On the other hand, oil production has been reducing steeply over the past few years, which, in turn, is expected to hurt the refinery sector in the country in the future. The decreasing oil production in the country is expected to restrain the market in the forecast period, as it directly affects the throughput capacity of the refining sector in the country.
- Nevertheless, an increase in demand for refined petroleum products in the country is expected to boost the demand for new refineries, which, in turn, is likely to create opportunities for the companies operating in the industry.
Gabon Oil and Gas Downstream Industry Segmentation
The processes of refining, marketing, and eventually selling petroleum products are referred to as downstream. In the downstream business, a corporation refines crude oil and natural gas and markets and sells petroleum products to wholesale and retail customers. Processed natural gas is often sold directly to electric and gas utilities.
The Gabon oil and gas downstream market is segmented by refineries and petrochemical plants. The report offers the market size and forecasts in revenue (USD Billion) for all the above segments.
| By Refineries | |||||
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| By Petrochemicals Plants | |||||
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Gabon Oil and Gas Downstream Market Size Summary
The Gabon oil and gas downstream market is experiencing a gradual recovery, having rebounded to pre-pandemic levels after the negative impact of COVID-19. The market is anticipated to grow modestly over the forecast period, driven by increasing consumption of petroleum products. However, the sector faces challenges due to a significant decline in oil production, which has been a trend for over a decade. This reduction in output is expected to constrain the refinery sector, as it directly impacts the throughput capacity of existing facilities. Despite these challenges, the demand for refined petroleum products is expected to create opportunities for new refineries, potentially enhancing the profitability of the oil and gas supply chain in Gabon.
Gabon, a mature oil producer in West Africa, relies heavily on its oil sector, with a significant portion of its economy dependent on oil production. The country's crude oil, particularly the high-quality Rabi blend, is primarily exported. However, the downstream industry is struggling due to aging facilities and underutilized refineries, exacerbated by declining crude oil production. The Port Gentil Refinery, for instance, operates below its capacity, facing maintenance challenges. While the market is consolidated with major players like Total SA, Eni SpA, and Perenco SA, the lack of investment in new downstream infrastructure is expected to keep refining capacity stagnant. Nonetheless, ongoing projects, such as BW Energy's offshore development, indicate potential for future growth in reserves and production.
Gabon Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity Forecast, in thousand barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Refineries
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2.1.1 Overview
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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in Pipeline
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2.1.1.3 Upcoming Projects
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2.2 By Petrochemicals Plants
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in Pipeline
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2.2.1.3 Upcoming Projects
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Gabon Oil and Gas Downstream Market Size FAQs
What is the current Gabon Oil and Gas Downstream Market size?
The Gabon Oil and Gas Downstream Market is projected to register a CAGR of greater than 0.11% during the forecast period (2024-2029)
Who are the key players in Gabon Oil and Gas Downstream Market?
Total SA, Perenco SA, Engen Petroleum Ltd , Gabon Oil Company and Eni SpA are the major companies operating in the Gabon Oil and Gas Downstream Market.
