AGP Executive Report
Last update: 8 hours agoEnergy Corridor: PetroChina is exploring a 1,550-kilometre oil route from South Sudan through Ethiopia to Djibouti, alongside a proposed 300,000-cubic-metre storage depot and possible refinery at Damerjog. The project could give South Sudan another export route and strengthen Djibouti’s role as an energy hub. Shipping Links: Emirates Shipping Line is splitting its India–Red Sea network into two services, including a North Red Sea route calling at Djibouti about every two weeks. Industrial Growth: A new ECA-Djibouti study says AfCFTA could help diversify the economy beyond ports and logistics. Djibouti’s GDP more than tripled from $1.34 billion in 2010 to $4.15 billion in 2025. Public Finance: The government cut its 2026 budget by 2.2% after revenue fell nearly 12.9 billion francs short of forecast by May. Fuel Supply: Red Sea Bunkering has restarted VLSFO supply in Djibouti.
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