Côte d’Ivoire (Ivory Coast)

Tullow Oil awarded four licences in Côte d’Ivoire

October 13, 2017 | Company Operations, Côte d'Ivoire (Ivory Coast), Licensing & Concessions

London, UK | – British African-focused  multinational oil and gas exploration company, Tullow Oil Plc has announced that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 km2 and located on the coastline of Côte d’Ivoire mostly to the west of Abidjan. Tullow believes that this acreage will complement the Group’s existing exploration portfolio as the blocks are …

Ivory Coast to organise debt relief for state oil refinery

October 20, 2016 | Côte d'Ivoire (Ivory Coast), Refining & Processing

London, UK | – Ivory Coast will organise debt relief for the state oil refinery using public and private funds, a government spokesman said on Wednesday. The Societe Ivoirienne de Rafinage (SIR) is the biggest refinery in French-speaking West Africa and has accumulated debts worth hundreds of billions of CFA francs (hundreds of millions of U.S. dollars) since 2008. “The amount will correspond to the financial need,” government spokesman Bruno Nabagne Kone told reporters after a cabinet meeting. The government was talking to private institutions …

Côte d’Ivoire says Ghana’s oil activity in disputed zone threatens interests

March 31, 2015 | Côte d'Ivoire (Ivory Coast), Legal

London, UK | – Côte d’Ivoire argued in an international tribunal on Sunday that allowing Ghana to continue oil exploration in a disputed offshore area pending a ruling on their border line would do irreparable damage to its economy and energy policy. The two West African neighbours have asked the International Tribunal of the Law of the Sea (ITLOS) in Hamburg to rule on the location of their shared maritime boundary. London-listed Tullow Oil is due to finish work on its TEN project in the disputed zone and start pumping oil by mid-2016. Côte d’Ivoire has …