Côte d’Ivoire robust economy is expected to deliver strong economic growth, posting one of the fastest growth rates in Africa.
The West Africa country has proven oil reserves estimated at 100 million barrels and gas reserves of 1 trillion cubic feet, and has the potential to become a medium-sized offshore oil producer. The Government is keen to increase production and had launched various incentives to improve the investment climate with tax breaks, investment credits, etc. The Oil & Gas equipment market offers exciting opportunities for international service and technology suppliers. “Ivory Coast has 48 demarcated oil blocks, of which four are in production and another 24 under exploration... Output averages about 70,000 bpd, but “the potential is a lot higher” – Abdourahmane Cisse, Minister of Petroleum, Energy and Renewable Energy, Côte d’Ivoire.
With a favourable mining code, yet largely-untapped potential, Côte d’Ivoire has become an exploration hotspot in West Africa. In recent years many international companies have rushed in helping the country more than double gold production since 2012. With proven reserves of gold, bauxite, iron ore, nickel and diamond, Côte d’Ivoire’s growth potential is significant. Côte d’Ivoire has become very attractive for foreign investment over the past few years.
Make sure you and your organization do not miss-out on these emerging opportunities at the Côte d’Ivoire Oil, Gas & Mining Investment Summit 2020 on March 18-19 in Abidjan.
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