Mayer Brown Advises Gabon on $1 Billion Profit-Oil Pre‑Financing and Marketing Deal with Trafigura

"Mayer Brown advised the Republic of Gabon on a $1 billion pre‑financing and marketing agreement with Trafigura covering the state’s Profit Oil share. Trafigura has disbursed the pre‑finance and obtained exclusive offtake and marketing rights for the state’s future production for seven years. The funds will finance Gabon’s priority investment programs through a secure mechanism, help strengthen foreign‑exchange reserves at the BEAC, and support more proactive public treasury management in line with regional rules. Mayer Brown said the deal showcases its energy and commodity trade finance expertise and was handled by a cross‑border team (Dubai, London, Paris) led by Olivier Mélédo and Ash McDermott. Gabon’s finance minister welcomed Trafigura’s return and thanked the government’s strategic, financial and legal advisers, including Algest, Rothschild & Co, Mayer Brown, Adna and Bracewell LLP."

Mayer Brown advised the Republic of Gabon on the transaction; the government also acknowledged the participation of Algest, Rothschild & Co, Adna and Bracewell LLP as its strategic, financial and legal advisers in connection with the deal. The transaction comprised a US$1 billion pre‑financing and marketing agreement between the Republic of Gabon and Trafigura under which Trafigura disbursed the pre‑financing and received exclusive rights to lift and market the State’s share of future production for seven years. The funds are intended to finance the State’s priority investment programmes, bolster foreign‑currency reserves held at the Bank of Central African States (BEAC) and support a secure mechanism and efficient public‑finance management in line with regional exchange‑control rules. Lawyers named in the press release: - Mayer Brown: Olivier Mélédo and Ash McDermott led the Mayer Brown team, supported by Sarah Garvey, Hervé Kensicher, Ling Seow, Will Maddison and Harry Palmer. The release notes the team was transnational (Dubaï, London and Paris) and highlights Mayer Brown’s expertise in energy and structured commodity trade‑finance, but it does not specify individual seniority levels or practice‑area titles for these lawyers. - Algest, Rothschild & Co, Adna and Bracewell LLP: these firms are listed as the government’s strategic, financial and legal advisers, but the press release does not name any individual lawyers or provide their seniority or practice‑area details.

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Mayer Brown Advises Gabon on $1 Billion Profit-Oil Pre‑Financing and Marketing Deal with Trafigura

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Mayer Brown Advises Gabon on $1 Billion Profit-Oil Pre‑Financing and Marketing Deal with Trafigura

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