AGP Executive Report
Last update: an hour agoOffshore Oil Update: Europa Oil & Gas says it will drill the Barracuda-1 well in the EG-08 PSC offshore Equatorial Guinea in early 2027 after a farm-out with Antler Global and Fuhai (Beijing) Energy; the deal has MMHD approval but still awaits ODI clearance in Beijing, with the longstop pushed to Sept. 30, 2026. Regional Food Systems: Congo Basin countries, including Equatorial Guinea, adopted the Yaounde Declaration 2026 to scale agroecology, aiming to direct at least 30% of relevant food-system budgets to agroecological approaches and boost direct funding to farmers’ groups, women, youth, and Indigenous communities. Congo Basin Agriculture Finance: A separate report highlights how guarantee funds and blended finance have helped unlock lending for African agri-food value chains, but warns that systemic risks like fertilizer shocks and El Niño are changing what financiers need. Oil Market Context: U.S. EIA data shows no U.S. crude imports from Equatorial Guinea in the latest week, underscoring how quickly supply flows can shift across global oil routes.
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