AGP Executive Report
Last update: 10 hours agoOil & Gas (Regional): VAALCO Energy says production has restarted at its Baobab field on Côte d’Ivoire’s CI-40 block after a nine-month FPSO refurbishment in Dubai, with four wells back online and three more expected soon; the restart supports a planned 2026 development drilling push. Exploration (Equatorial Guinea): Galp Energia has signed a tentative MoU to run exploration studies offshore Equatorial Guinea across blocks EG-02, EG-09 and H ahead of a possible production sharing contract, as the country prepares a licensing round. Finance & Regulation (CEMAC): Banking regulators are meeting in Yaoundé under the Community of African Banking Supervisors to strengthen prudential cooperation amid digital finance growth and new financial risks, with Equatorial Guinea included in the CEMAC supervisory bloc. US Visa Access (Malabo impact): The US plans to cut Africa’s visa-processing missions from nearly 50 to 20 hubs, including Malabo, meaning applicants in non-hub countries may need to travel farther and face higher costs. Human Rights (Equatorial Guinea): Rights groups have filed a complaint with the African Commission over alleged deportations of people from the US to Equatorial Guinea, seeking a halt to further removals and legal access.
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