AGP Executive Report
Last update: 8 hours agoOil Policy: Equatorial Guinea plans to approve a new hydrocarbon law as crude output falls to 20,000 barrels a day, down from about 140,000 in 2020. The law would offer more flexible terms to attract drilling and exploration. Gas Investment: Chevron says the Aseng project remains on track to deliver first gas in 2028, as the government seeks to revive the energy sector. International Affairs: Equatorial Guinea joined the African Union’s Committee of Ten in renewing its call for two permanent UN Security Council seats with veto power and five non-permanent seats. Legal Dispute: France and Equatorial Guinea remain at odds over a Paris mansion once owned by Vice-President Teodorin Obiang. French authorities are selling the property, but Equatorial Guinean diplomats have refused to leave. Governance: A Catholic bishop used the Independence Day anniversary to warn that sovereignty alone cannot free the country from corruption, and urged public officials to serve honestly.
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