Côte d’Ivoire seeks OPEC membership after major oil finds – The North Africa Post

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Côte d’Ivoire is within the means of assembly the standards to affix the OPEC, the nation’s oil and mining minister amadou Sangafowa Coulibaly introduced.

This got here few days after ENI mentioned it discovered vital reserves of oil offshore Côte d’Ivoire, with a particular effectively particularly having as a lot as 1.5 billion barrels of oil equal of potential assets.

This will likely be ENI’s second large hydrocarbon discovery off the West African nation over the previous few years following on from its play opening Baleine discover that was fast-tracked to first manufacturing in 2023.

“If yesterday Côte d’Ivoire was simply an importing nation, with these numerous discoveries, we are going to cross, in a really close to time, to that of a web exporter of petroleum merchandise,” the oil minister mentioned in an announcement.

The Ivorian authorities is planning to make the extractive business the second pillar of the Ivorian financial system after agriculture, he mentioned.

Supply: north africa post

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