Ivory Coast is also pushing forward with plans to begin importing liquefied natural gas (LNG) to supplement domestic supply to its gas-fired power plants. SIR was founded in 1962 by the Ivorian government, with the help of international oil companies. In 1965, SIR refinery started its operations.
Is Ivory Coast’s oil and gas sector changing?
Ivory Coast has ignored its oil and gas sector for decades as the government concentrated on developing agricultural exports. But things have now changed and oil and gas is becoming an increasingly stategic area. The country has been expanding its existing crude oil production, with outputs of almost 60,000 barrels per day.
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.
What is Petroci’s role in the oil industry in Ivory Coast?
As such, Petroci became the cornerstone of the development of the oil industry in Ivory Coast. As of today, Petroci is present in a number of sectors in the Ivorian petroleum industry including: butane gas distribution and petroleum products, development of the gas industry, trading, bunkering and management of oil structures.
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