Summary
Gabon's roughly 320,000 barrels per day of crude oil exports are dominated by Royal Dutch/Shell and Total Fina Elf, which have substantial equity production that had been maintained at about the same levels over several years, though field declines have recently been taking their toll. Once rising output, back in the early to mid-1990s, prompted Gabon to follow Ecuador in leaving Opec in 1996, so that the cartel's periodic quota restrictions would not constrain growth of its export receipts...