AGP Executive Report
Last update: 11 hours agoOil & Gas Exploration: TGS has signed a deal with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to build a harmonised offshore MegaSurvey, starting with post-stack reprocessing of about 27,273 km of legacy 2D and around 35,000 sq km of 3D seismic, targeting completion in Q3 2026, with a longer-term plan for a seamless dataset across the Rio del Rey and Rio Muni basins. Bilateral Trade & Industry: During President Obiang Nguema Mbasogo’s State visit to Zimbabwe, the two countries signed four MoUs covering education, trade and economic cooperation, and interpreter/translator training, with leaders urging both public and private sectors to push projects in agriculture, mining, tourism, energy and manufacturing. Regional Energy Signals: CEMAC export prices edged up in Q1 2026 as energy rebounded, but cocoa prices fell sharply, dragging agricultural export earnings—an issue that still matters for Equatorial Guinea’s wider export mix. Culture & Tourism: Equatorial Guinea’s First Lady delegation joined Zimbabwe’s cultural events at Baradzanwa Cultural Village, spotlighting people-to-people ties that can feed tourism and services. Labour Policy Watch: Kuwait tightened domestic worker recruitment rules, including restrictions affecting Equatorial Guinea among other source countries, a reminder of how Gulf labour corridors can shift quickly.
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