groundnut oil refinery project in ivory coast

                                               
                                               
                                               
                                               
                                               
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  • 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.
  • Will Ivory Coast become a major oil producer by 2023?
  • 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 discovery expands 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.
  • How much oil & gas does Ivory Coast have?
  • Estimates put the field reserves to between 1.5 to 2 billion barrels of oil and about 1.8 to 2.4 trillion cubic feet of gas. Ivory Coast is set to build Africa¡¯s first biomass power plant 100 km east from Abidjan.
  • How will energy be sold in Ivory Coast?
  • Energy produced will be sold under a power purchase agreement with the Compagnie Ivoirienne d¡¯Électricité. Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.
  • Why did Eni invest in Ivory Coast gas?
  • Alessandro Puliti, Eni¡¯s chief operating officer for natural resources, said the Ivorian discovery met the Italian company¡¯s criteria for investment. This was partly because the associated gas could be fed into existing infrastructure that already supplied Ivory Coast with 60 per cent of its electricity, he said.
  • Does ice oil & gas have a production sharing agreement with Petroci?
  • Ice Oil & Gas signed a production sharing agreement (PSA) with Ivory Coast¡¯s national oil company Petroci for offshore block CI-705 in November 2023. The block spans 2289 km2 in the Grand Lahou area. The PSA grants Ice Oil & Gas a seven-year exploration period with a commitment to invest at least US$40 million in hydrocarbon exploration.