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Gabon and China reach Agreement to reduce cost of Butane Gaz

The public company Gab’Oil, specializing in the marketing and distribution of petroleum products, recently signed a partnership agreement in China with the company Shanghai Eternal Faith Industry Company Ltd (Sefic) which will allow it to continue to easily offer the bottle of butane gas at the price set last January, as part of the policy to combat the high cost of living launched by the government.

After having suffered a drop of 1,000 CFA francs on January 1, going from 5,950 to 4,950 CFA francs, the price of a bottle of butane gas should no longer increase in Gabon. At least in the Gab’Oil service stations whose managers continue to look for solutions to support the policy of combating the high cost of living initiated by the new authorities. And among the strategies envisaged by this public company specializing in the marketing and distribution of petroleum products, the search for partnerships, including outside the country, figures prominently.

It is in particular with this in mind that a delegation led by the Managing Director (ADG), Louis Gaston Aubame, has been staying in China since March 9 where Gab’Oil managed to sign, on March 12, a partnership agreement with Shanghai Eternal Faith Industry Company Ltd (Sefic). Manufacturer of gas cylinders and gas equipment, the Chinese company with more than 30 years of experience would have, among many others, met the various expectations of the Gabonese public company, we assured this Tuesday 19 March at the Libreville headquarters. “In the process aimed at reducing the cost of living in Gabon, by responding in particular to the requirements to reduce the price of the butane gas bottle, our company has identified for several months suppliers who have experience in this area, capable of enable us to achieve these objectives by offering much more attractive prices,” informs Gab’Oil, specifying that its selection focused on “technical criteria relating to the standards in force on the national territory”.

In Shanghai where Sefic is based, the ADG and his team composed mainly of technicians visited the factory and installations of this new Chinese partner. Visit during which the Gabonese delegation was able to appreciate the gas cylinder manufacturing process and evaluate the technical control and validation procedures with the aim of meeting Gabon’s specific regulations.

The Gab’Oil delegation, as part of this mission, also plans to go to the city of Guangzhou where it will visit suppliers specializing in the manufacture of personal protective equipment (PPE), collective protection (EPC) and work uniforms, announced the headquarters. Having taken up his position last January, Louis Gaston Aubame noted some shortcomings within the company, particularly with regard to the equipment essential to service station staff.

In Guangzhou, the ADG therefore hopes to find solutions to build up the stock of PPE, EPC and uniforms that are almost non-existent to date. Here too, he chose China for the attractiveness of its prices.