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 many oilfields are there in Ivory Coast?
Ivory Coast to date has 51 identified oilfields with four in production, 26 in exploration and the remaining 21 still up for grabs. In 2014, Total said exploration had shown "very promising" prospects. Aside from Total and Eni, Britain’s Tullow Oil has also announced significant discoveries of Ivorian offshore oil reserves in recent years.
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.
Could Côte d’Ivoire’s oil refinery boost exports?
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.