Gabon urged to modernize SOGARA to cut fuel import costs

As a leading oil producer in Central Africa, Gabon faces a paradox: despite its vast crude reserves, the country remains heavily dependent on imported refined petroleum products. The Central African States Bank (BEAC) has now issued a stark warning to Libreville, urging immediate modernization of the Gabonese Refining Company (SOGARA) to mitigate economic vulnerabilities and safeguard regional foreign exchange reserves.

By Kadi Alhassane — Senior correspondent