AGP Executive Report
Last update: 8 hours agoOil Policy: Equatorial Guinea is set to approve a new hydrocarbon law as crude output plunges to 20,000 barrels a day, down from about 140,000 in 2020. The government says more flexible contracts should encourage drilling and exploration. Licensing: The hydrocarbons ministry has extended Europa Oil & Gas’s offshore EG-08 exploration period by a year, giving the company more time to arrange a farm-out and prepare a well with partner Fuhai. Regional Diplomacy: As chair of ECCAS, President Teodoro Obiang Nguema called for stronger regional cohesion and faster progress on peace, trade and infrastructure. Economic Outlook: The IMF expects Equatorial Guinea’s economy to remain in contraction, shrinking 1.7% in 2026 and 1% in 2027. Public Health: Health teams are planning a door-to-door campaign to distribute more than 500,000 mosquito nets across the mainland and Annobón.
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