AGP Executive Report
Last update: 10 hours agoOffshore Oil & Gas: TGS signed with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to build a large-scale offshore multi-client MegaSurvey, starting with post-stack reprocessing of about 27,273 km of legacy 2D and roughly 35,000 sq km of 3D, due in Q3 2026, with a longer-term plan for a harmonised, seamless dataset across the Rio del Rey and Rio Muni basins. Bilateral Trade & Industry: Zimbabwe and Equatorial Guinea signed four MoUs during President Obiang Nguema Mbasogo’s State visit to Harare, covering education, economic/trade cooperation, interpreter and translator training, and Joint Commission procedures—while both sides pointed to agriculture, mining, tourism, energy and manufacturing as priority sectors. Agriculture Exports Pressure: New CEMAC data show agricultural export prices fell sharply in Q1 2026, with cocoa down 24.6% driving a 21.8% overall drop across member states including Equatorial Guinea. Energy Market Signal: CEMAC’s export index rose in Q1 2026 as global energy prices rebounded, with oil and natural gas prices climbing after a prior decline.
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