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 kind of oil does Mewah produce?
One of the largest palm oil processors in the world by capacity, Mewah produces a wide range of refined and fractionated vegetable oils and fats principally from palm oil. It also produces oils and fats from lauric oils, such as palm kernel oil and coconut oil; and from soft oils, such as soybean oil, canola oil, sunflower seed oil and corn oil.
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.