Ivory Coast
Ivory Coast, which ambitions to become a "major" oil producer by 2023, announced Thursday a new discovery of oil and natural gas by Italian hydrocarbon giant ENI. The fresh discoveryexpands the potential of reserves found last year by 25 percent
In September 2021, the country announced a find of deposits by ENI its Ivorian partern Petroci Holding. The deposits were estimated at between 1.5 and 2 billion barrels of oil and around 1.8-2.4 trillion cubic feet (51-68 million cubic metres) of gas.
The latest discovery off the eastern coast "increases by about 25 percent" the previously announced deposits, the ministry for mines, oil and energy said in a statement, with extraction due to start in early 2023.
President Alassane Ouattara has said he wants Ivory Coast to become a major oil producer. The West African nation's current output is modest, at around 30,000 barrels per day.
International companies including French giant Total and Britain's Tullow Oil have also announced significant discoveries of Ivorian offshore oil reserves in recent years.
00:57
Total wins new exploration permit as Congo seeks to ramp up oil production
01:00
Pix of the Day: August 22, 2025
01:09
Burkina Faso repatriates Alino Faso’s body amid outcry for justice
00:26
Ivory Coast marks 65th independence anniversary with military parade
02:22
Burkina Faso demands justice after influencer Alino Faso dies in Ivorian custody
Go to video
Dangote warns influx of Russian fuel threatens Africa’s refining industry