EQUATORIAL GUINEA: NEW OIL AND GAS AGREEMENTS SIGNAL IMPROVEMENT IN ECONOMIC OUTLOOK

   Mon, 19 August 2024

External interest in Equatorial Guinea’s oil and gas sector is steadily increasing, reflected by a surge in new exploration and production agreements in the last six months. While unlikely to reverse a long-standing production decline in the sector, a near-term boost to the country’s hydrocarbon revenues will substantially improve fiscal stability in the coming year. While challenges related to falling oil and gas production will continue to deepen beyond 2024, the authorities’ commitment to a wide-ranging reform programme has significant potential to facilitate renewed foreign investment in the coming year.

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