AGP Executive Report
Last update: 11 hours agoOil & Gas: Equatorial Guinea is preparing a new hydrocarbon law after crude output fell to 20,000 barrels per day in September, from about 140,000 in 2020. The plan offers more flexible contracts to attract drilling and exploration. Chevron’s $690 million Aseng gas project remains on track for first gas in 2028. Local Content: At African Energy Week, Deputy Minister Domingo Mba Esono said domestic firms must help build the economy, as regional officials called for communities to be prepared before investment projects begin. Agribusiness: A women-led cooperative in Cameroon plans a cassava processing plant to make flour, starch and other products for regional markets, including Equatorial Guinea, but still needs financing, equipment and transport. Shipping: Sweden lifted its detention of tanker Sea Owl 1 after confirming its Equatorial Guinea registration.
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