Key Market Indicators
Gabon's crude oil production is forecast to reach 8.5 million tonnes of oil equivalent by 2026. This is a 1.9% decrease from the 9.3 million tonnes produced in 2021. Since 1976, the nation's oil output has decreased by an average of 4.1% each year. In 2021, it was ranked 36th, with Bahrain overtaking it with 9.3 million tonnes. Saudi Arabia, the United States and Iraq were the top three in that ranking.
