AGP Executive Report
Last update: 8 hours agoGas Infrastructure: Chevron awarded EnerMech a contract to prepare about 19 kilometres of pipeline linking the offshore Aseng gas field to existing infrastructure, a step toward bringing more gas into production. Economic Outlook: Equatorial Guinea’s economy contracted an estimated 5.8% in 2025 as falling oil and gas output weighed on growth. The World Bank projects an average 1% annual contraction in 2026 and 2027 and urges efforts to create jobs and expand business beyond hydrocarbons. Energy Finance: The new Africa Energy Bank, backed by Afreximbank and APPO with $5 billion in authorised capital, aims to finance projects across the energy sector as traditional funding for oil and gas recedes.
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