AGP Executive Report
Last update: 7 hours agoRussia Ties: President Teodoro Obiang’s Moscow talks with Vladimir Putin focused on expanding trade and investment, especially in energy and mining. Putin said bilateral economic cooperation is lagging and trade has declined, and pointed to a proposed intergovernmental commission as a way to revive it. Oil Markets: Chinese refiners have bought Equatorial Guinea’s Ceiba crude for December delivery as lower freight rates make West African supplies more attractive. Gas Sector: Equatorial Guinea joined GECF members in backing fairer gas pricing, more predictable investment and stronger cooperation to protect supply chains and infrastructure. Telecoms: The government is pressing to complete TELGESA’s formation, with KPMG assessing state telecom assets, including 84 towers, ahead of a planned deal with EGSA LOITA. Shipping Costs: CMA CGM’s peak-season surcharge adds $350 per 20-foot container on China shipments to Equatorial Guinea, raising costs for importers. Trade Infrastructure: Equatorial Guinea took part in a regional workshop on port digitalisation, including electronic systems intended to cut delays and improve trade flows.
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