AGP Executive Report
Last update: 11 hours agoRegional Leadership: ECCAS chair Teodoro Obiang has called for stronger Central African cohesion and faster action on peace, trade and infrastructure, as the bloc marks its 43rd anniversary. Economic Outlook: The IMF expects Equatorial Guinea’s economy to keep shrinking, with GDP forecast to fall 1.7% in 2026 and 1% in 2027. Oil Sector: The government is overhauling its hydrocarbon law after crude output plunged to 20,000 barrels a day in September from about 140,000 in 2020. The new rules will offer more flexible contracts to attract drilling and exploration. Energy Cooperation: Equatorial Guinea joined eight African oil companies in signing a declaration to coordinate energy development, boost regional supply and expand refining. Chevron also expects first gas from its Aseng project in 2028.
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