AGP Executive Report
Last update: 35 minutes agoOil Sector Reset: Equatorial Guinea plans to approve a new hydrocarbon law on Monday after crude output fell to 20,000 barrels per day in September, down from about 140,000 in 2020. The government says more flexible contract terms and direct talks on available blocks are intended to revive drilling and exploration; the IMF expects the economy to shrink 1.7% this year. Gas Investment: Chevron says the $690 million Aseng project remains on track for first gas in 2028. State oil company GEPetrol has agreed to raise its stake in the project, which is expected to supply the Punta Europa gas and LNG complex. Regional Trade: A women-led cooperative in Cameroon plans a cassava processing plant to make flour, starch and other products for export to Equatorial Guinea and nearby markets, but still needs financing, equipment and transport. CEMAC Currency: Older CFA franc coins will cease to be legal tender across the region, including Equatorial Guinea, from November 1. Holders can exchange them through October 2027.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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