Gabon Expects to Boost Oil Production 0.6% This Year, RTG Says

Gabon expects oil production to increase 0.6 percent this year, Radio Television Gabonaise reported, citing the Economy Ministry.

Output may increase to 12.51 million metric tons from 12.43 million tons in 2010, the Libreville-based broadcaster said.

Revenue from oil production in Gabon grew to 990.4 billion CFA francs ($2 billion) last year from 836.7 billion in 2009.

To contact the reporter on this story: Antoine Lawson in Libreville via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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