What is the structure and duration of Trafigura's $1 billion prepayment deal with Gabon?

Trafigura signed a $1 billion prepayment agreement with the Republic of Gabon, under which it provides upfront financing in exchange for crude oil deliveries over a seven-year period; the company will act as the exclusive offtaker of Gabon’s 'profit oil'—the government’s share of production after cost recovery—and the oil will be sourced from multiple petroleum sharing contracts and various producing assets and operators.

What are the stated objectives of Gabon’s government for entering into this prepayment deal with Trafigura?

According to Thierry Minko, Gabon’s Minister of Economy, Finance, Debt & State Holdings, the agreement aims to 'optimise the country's oil resources, strengthen the foreign exchange reserves of the Central Bank, and facilitate the proactive management of the nation’s treasury.'

Trafigura signs $1 billion oil prepayment deal with Gabon

Apr 15, 2026

Trafigura secured a $1 billion prepayment agreement with Gabon for exclusive crude oil deliveries over seven years, providing upfront financing to the African state. The deal aims to optimize resource management and strengthen Gabon's foreign exchange reserves.

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Trafigura signs $1 billion oil prepayment deal with Gabon