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.
How many BPD could Dubai produce from a new oil refinery?
A conservative estimation puts production from the new block at 150, 000 bpd, says Robin Mills, CEO of Dubai-based consultancy Qamar Energy. “With a refinery capacity of about 70, 000 bpd the country could use the new crude. There would be a big surplus to be exported still.
How much oil does Côte d’Ivoire produce?
Côte d’Ivoire currently produces around 50,000 bpd compared to Nigeria, Africa’s largest oil producer, which produces around 2.5m. The government has been on an investment drive in recent years in an attempt to diversify the economy away from an overreliance on cocoa and gold, by developing its mining and energy sectors.
Did Côte d’Ivoire find a’major’ offshore oil & gas discovery?
Côte d’Ivoire announced a “major” offshore oil and gas discovery on Wednesday after “very promising” exploration results in 2014 led to interest from several oil majors. Italian energy group Eni said it had found up to 2bn barrels of oil and 2.4trn cubic feet of associated gas.