Archive · 22 Jun 2025
Ivory Coast to Boost Oil Production Fivefold by 2035
Ivory Coast is about to become a big player in the oil and gas world!
They expect to make a lot more oil by 2035, like five times as much!
They've found some new oil and gas in the ocean and are planning on building more stuff to get the oil out.
They're hoping to be one of the biggest oil producers in Africa, with lots of money coming in.
This is important because the price of oil is high right now.
They are expecting over $16 billion of investment in its oil sector by 2030.
Ivory Coast anticipates a fivefold increase in oil output by 2035.
Production is expected to reach 500,000 barrels per day, making it a top African producer.
Natural gas production is projected to reach 1 million cubic feet per day.
Significant offshore discoveries have been made by Eni SpA.
The nation anticipates over $16 billion in oil sector investments by 2030.
- Who
- Ivory Coast, Eni SpA, Vaalco Energy Inc., Petrobas, Petroci.
- What
- Ivory Coast expects a significant increase in oil and gas production.
- When
- By 2035.
- Where
- Ivory Coast, offshore fields.
- Why
- To become a major regional energy hub and increase economic growth.
- Projected Oil Production by 2035
- 500,000 barrels per day
- Projected Natural Gas Production
- 1 million cubic feet per day
- Key Companies Involved
- Eni SpA, Vaalco Energy Inc., Petrobas
- Total Investment Expected by 2030
- $16 billion
- Location of New Wharf
- Abidjan