Côte d’Ivoire’s state-owned oil refinery, the biggest in French-speaking West Africa with a refining capacity of 3.8m tonnes, could help generate revenues through exports to neighbouring countries. A conservative estimation puts production from the new block at 150, 000 bpd, says Robin Mills, CEO of Dubai-based consultancy Qamar Energy.
Does Ivory Coast have oil?
Ivory Coast has struck oil just as much of the developed world has begun to call time on fossil fuels and some financial institutions are reluctant to take carbon-emitting projects on to their balance sheets.
How many oilfields are there in Côte d’Ivoire?
Offshore oil was first discovered in the West African country in 1977, with the bulk of the oil and gas wells later drilled in shallow marine areas. The latest find is the first deep water commercial discovery in more than 20 years. To date, Côte d’Ivoire has identified 51 oilfields with four in production and 26 in exploration.
What is the Ivory Coast Report?
Marcopolis presents the Ivory Coast Report featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking, capital markets, IT, oil and gas, agriculture, services, transportation, energy and more. Marcopolis.net has listed the main mining companies and institutions in Ivory Coast.