The Gabonese Republic, a key oil producer in Central Africa, continues to grapple with a paradox: despite vast hydrocarbon reserves, the nation remains heavily reliant on imported refined fuels. The Banque des États de l’Afrique Centrale (BEAC) has now sounded the alarm, urging authorities in Libreville to expedite upgrades at the Société Gabonaise de Raffinage (SOGARA)—a move deemed essential to ease fiscal strain and safeguard the region’s foreign currency reserves.
