Gabon Increases Port Spending After Attack by Pirates in July

Gabon’s state-owned ports and harbor authority plans to boost spending by 12% next yr as traffic increases and to secure its Port-Gentil facility after an attack on an oil tanker by pirates in July, according to a statement published in the Daily Union. * 2014 budget 15.4b CFA francs vs 13.7b francs in 2013 * 2014 operating expenses 10.5b francs vs 9.2b francs NOTE: Port-Gentil handles crude oil, while Port Owendo on outskirts of Libreville handles other exports

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