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.
What sectors are under review in Ivory Coast?
The sectors under review are industry, telecom, banking, capital markets, IT, oil and gas, agriculture, services, transportation, energy and more. The oil and gas sector plays a strategic role for Ivory Coast. The country currently produces 60,000 barrels of oil per day but the short-term goal is to produce about 200,000 barrels of oil per day.
How much oil does Ivory Coast produce a day?
The oil and gas sector plays a strategic role for Ivory Coast. The country currently produces 60,000 barrels of oil per day but the short-term goal is to produce about 200,000 barrels of oil per day. This goal is expected to be reached by 2020.
Where does Sir refine oil?
SIR, the Ivorian Refining Company, refines crude and semi-finished petroleum products generally imported from Nigeria, Europe and America. SIR exports its finished products from Mauritania to Angola. The priority market for SIR is Mali and Burkina Faso prior to export to other countries.