Spearheaded by the Emerging Africa Infrastructure Fund and co-funded by the International Finance Corporation, the special investment vehicle will support Ivory Coast’s grid modernization, security and expansion initiatives.

The Ministry of Mines, Petroleum and Energy, Ivory Coast has announced plans to accelerate the development of marginal gas reserves located in Blocks CI-523 and CI-525 to boost electricity generation.

Ivory Coast has signed an agreement with Eni for the provision of natural gas produced from the Baleine field to stabilize the country’s electricity generation.

Oilfield services provider Petrofac has secured a contract with CNRI for FPSO Espoir Ivoirien offshore Ivory Coast, boosting West African expansion.

Baker Hughes has secured a contract from Eni to deploy its deepwater technology for the Baleine Phase 2 project, offshore Ivory Coast.

Ivory Coast aims to achieve universal energy access by 2025 through public-private partnerships, gas-to-power generation, and renewable energy investments, acting as a paradigm for sustainable development.

Ivory Coast’s Baleine field will begin production in the second half of 2023.

The Ministry of Mines and Energy, Ivory Coast has announced that gold production rose 14% in 2022 to a record-high of 48 tons.

Eni and Petroci have awarded Saipem with a $400 million contract to provide drilling services offshore the Ivory Coast.