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  • Will Ivory Coast become a major oil producer?
  • In recent years, Ivory Coast has also upgraded its state-owned Société ivoirienne de raffinage refinery to enable the production of low-sulfur fuels leveraging new technologies. Ivory Coast is aiming to become a major oil producer in the near-term future, as it yields new deepwater discoveries and unlocks cutting-edge net-zero technologies.
  • How much oil does Ivory Coast have?
  • Exploration campaigns in Ivory Coast have revealed substantial deposits of hydrocarbons, with the Baleine field alone estimated to hold as much as 2.5 billion barrels of crude oil and 3.3 trillion cubic feet of gas.
  • Why is Ivory Coast attracting upstream investment?
  • Following several world-class hydrocarbon discoveries, Ivory Coast is expanding its reserves base and attracting upstream investment from leading majors. Italy’s Eni is investing $10 billion toward the development of the offshore Baleine field, set to result in the production of 200,000 barrels of crude oil per day across three phases through 2027.
  • What is the largest oil discovery in Ivory Coast?
  • Estimated to contain up to 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, the Baleine field is the largest oil discovery in Ivory Coast. The project is also expected to become the first emissions-free upstream development project in Africa under Scope 1 and 2 of the global standard Greenhouse Gas Protocol.
  • What is Ivory Coast's gas strategy?
  • Last year, Ivory Coast’s Minister of Mines, Petroleum and Energy Mamadou Sangafowa Coulibaly announced the country’s strategy to fast-track the development of the country’s gas reserves.
  • How much will Ivory Coast Invest in oil?
  • Last June, Ivory Coast’s President Alassane Ouattara revealed plans for more than $15 billion in investment in the country’s oil sector. The President further projected an increase in oil output from 60,000 bpd – come the startup of Baleine’s Phase 2 – to 200,000 bpd within the next five years.