soybean oil production line in ivory coast

                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
                                               
  • Will Ivory Coast become a major oil producer?
  • President Alassane Ouattara has said he wants Ivory Coast to become a major oil producer. The West African nation’s current output is modest, at around 30,000 barrels per day. International companies including French giant Total and Britain’s Tullow Oil have also announced significant discoveries of Ivorian offshore oil reserves in recent years.
  • 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 will energy be sold in Ivory Coast?
  • Energy produced will be sold under a power purchase agreement with the Compagnie Ivoirienne d’Électricité. Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.
  • How will the Ivory Coast power plant work?
  • The power plant will be fueled by natural gas and will utilize combined cycle technology, thus generating energy more efficiently. Moreover, the Ivory Coast aims to boost energy exports with the station’s output while meeting the country’s baseload requirement.