AGP Executive Report
Last update: 27 minutes agoOffshore Oil & Gas: Petrobras signed production-sharing contracts for eight offshore blocks (CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701, CI-702), taking a 90% operating stake via Petrobras Netherlands B.V., with Petroci at 10%, as the company expands its African exploration push. Baleine Ownership Shuffle: Eni completed the sale of a 10% Baleine stake to SOCAR, leaving Eni at 37.25% (with Vitol 30% and Petroci 22.75%), boosting SOCAR’s entry into Côte d’Ivoire upstream. LNG-to-Power Buildout: EXMAR secured a 10-year deal to lease and operate a 152,000 m³ FSRU at Abidjan for CI-Energies and Petroci, with LNG imports due Q3 2027 to feed power generation. Mining Crackdown: Côte d’Ivoire suspended new artisanal and semi-industrial mining permits for six months and set up 21 river security units, with tougher penalties and site rehabilitation aimed at stopping illegal gold mining. Healthcare Infrastructure: Bouygues subsidiary Setao won a €95m contract to overhaul Yopougon University Hospital in Abidjan, targeting full completion by May 2028. Investment Pipeline: Côte d’Ivoire will take its 2026–2030 plan to New York on Sept 21, pitching projects in infrastructure, energy, agriculture and technology to global investors and development finance partners. Energy Market Context: Cocoa and broader commodity moves were mixed, with cocoa pressured by supply expectations and shipping data.
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