AGP Executive Report
Last update: 2 hours agoEnergy & Investment: Eni and partners Petroci and Vitol have approved the Final Investment Decision for Baleine Phase 3 offshore Côte d’Ivoire, targeting oil output to rise from 60,000 to 150,000 bpd and gas from 80 to 200 MMcf/d, with all gas directed to the domestic market to back power generation and industry; the project adds a new FPSO and is positioned as a fast-track, lower-impact expansion. Cocoa Market Shock: Cocoa futures jumped nearly 10% as heavy flooding in Ivory Coast disrupted farmers’ access to plantations, while El Niño fears and Hormuz-related disruptions added pressure; separate reporting says Côte d’Ivoire expects 2025/26 cocoa output to rise 10.5% to 2.0–2.1 million tons, but farmers still face a price shock from a major cut in the fixed farmgate price. Mining Update: Kobo Resources reported high-grade gold results from additional drilling at its Kossou Gold Project near Kossou, including strong intersections at the Jagger and Road Cut zones, extending mineralisation at depth and along strike. Agribusiness & Trade: A Reuters field report notes rainfall variability across Côte d’Ivoire’s cocoa regions is improving for the mid-crop, but producers are dealing with the government’s reduced farmgate price and large unsold volumes. Business & Services: Orange Côte d’Ivoire held direct customer talks with regulators and consumer groups under a “trust and proximity” push to address rising complaints. Infrastructure & Safety: Abidjan saw a deadly building-site collapse with eight fatalities reported.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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