Cote d'Ivoire Oil and Gas Market Overview
Côte d’Ivoire’s oil and gas market is emerging as a vital contributor to the country’s economic growth, energy security, and export diversification. While agriculture and mining continue to dominate the broader economy, recent offshore hydrocarbon discoveries have elevated the energy sector’s strategic importance. The government has adopted a proactive stance in promoting upstream investment, offering attractive fiscal terms and licensing new blocks to international oil companies. This strategy has resulted in major finds, including the significant Baleine and Calao discoveries, which have positioned Côte d’Ivoire as one of West Africa’s most promising new exploration frontiers. As of 2024 and 2025, the country is transitioning from a modest producer to a rising regional energy player, focusing on turning discoveries into production, expanding infrastructure, and strengthening its position as both an oil exporter and gas-to-power enabler.
The oil and gas industry in Côte d’Ivoire is composed of an expanding upstream sector, developing midstream capabilities, and a nascent downstream framework. Upstream, exploration and development are concentrated in offshore blocks, with Eni leading operations in the Baleine and Calao fields. These projects are advancing rapidly, with Baleine already in early production and further development phases underway. In the midstream segment, Côte d’Ivoire operates a network of pipelines and offshore terminals to transport crude oil, with plans to enhance connectivity and storage capacity to accommodate rising output. The country also possesses a floating storage and offloading (FSO) system for offshore crude handling. In the downstream sector, the SIR (Société Ivoirienne de Raffinage) refinery in Abidjan serves as the primary refining facility, processing both domestic and imported crude to meet local fuel needs. Expansion and modernization of this refinery are being pursued to improve product quality and capacity. Additionally, the government is promoting gas-to-power projects to integrate natural gas into the national electricity grid, reinforcing the role of hydrocarbons in powering industrial development and regional energy trade.
Cote d'Ivoire Oil and Gas Market Latest Developments
In December 2024, Eni began Phase 2 production at the Baleine offshore field, increasing output to approximately 60,000 barrels of oil per day and 70 million cubic feet per day of gas.In March 2025, gas supply from the Baleine field was scaled up to support Côte d’Ivoire’s domestic power generation needs, with new gas capacity integrated into the national grid.
In March 2024, Eni announced the Calao discovery in Block CI-205, estimating recoverable reserves of between 1 and 1.5 billion barrels of light oil in deepwater offshore zones.
In early 2025, Eni agreed to sell a 30% stake in the Baleine development to Vitol for $1.65 billion, allowing capital reallocation while retaining project operatorship.
In April 2025, the Ivorian state-owned refinery SIR unveiled plans to construct a new 170,000 barrels-per-day refinery in Abidjan, aiming to quadruple current domestic refining capacity.
The second phase of Baleine’s development significantly increased Côte d’Ivoire’s production base, accelerating its role as a regional oil producer.
The additional gas volumes supplied from Baleine are directly enhancing national energy reliability, especially in the power generation sector.
The Calao discovery adds major long-term production potential, solidifying the country’s offshore reserves and international investment appeal.
The partial divestment of Baleine to Vitol brings financial strength and diversified ownership to one of West Africa’s largest upstream projects.
Plans to construct a new, high-capacity refinery in Abidjan reflect strategic intent to build domestic value chains and reduce dependence on fuel imports.
The use of cost-efficient refurbished floating units has accelerated production timelines while reducing capital expenditure.
Integration of upstream gas into power generation showcases a holistic energy strategy, connecting hydrocarbon resources with national infrastructure.
The expansion of refining capacity positions Côte d’Ivoire as a future fuel supplier to neighboring countries across West and Central Africa.
Increased production from Baleine and future Calao development suggest a threefold increase in national output by 2027, with implications for export growth.
Collectively, these advancements indicate a shift in Côte d’Ivoire’s energy profile—from an emerging producer to a fully integrated player with upstream, midstream, and downstream ambitions driven by strong public-private partnerships.
Cote d'Ivoire Oil and Gas Market Report Scope
The "Cote d'Ivoire Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Cote d'Ivoire. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Cote d'Ivoire Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments.
Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Cote d'Ivoire field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Cote d'Ivoire country’s oil and gas industry.
- Cote d'Ivoire Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure.
- Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032.
- Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate.
- Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations.
- Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook.
- Cote d'Ivoire Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks.
- Cote d'Ivoire Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments.
- Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares.
- Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates.
- Answers to key market questions, including evolving Cote d'Ivoire supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.
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FAQ's
The Cote d'Ivoire Oil and Gas report provides comprehensive intelligence from upstream to downstream—covering exploration blocks, field-level production, refinery operations, LNG terminals, and supply-demand analytics. It empowers executives and investors with actionable insights to assess risks, evaluate opportunities, and optimize Cote d'Ivoire market entry or expansion strategies.
Yes, the report presents detailed data and analysis for all relevant segments present in the country—whether upstream (exploration and production), midstream (LNG terminals, storage facilities, pipelines), or downstream (refineries). This sector-specific granularity ensures accurate benchmarking, planning, and forecasting tailored to the Cote d'Ivoire oil and gas infrastructure.
With detailed coverage of exploration opportunities, trade contracts, regulatory frameworks, and infrastructure projects, the Cote d'Ivoire oil and gas report serves as a critical tool for stakeholders formulating investment strategies, negotiating partnerships, or aligning with national energy policies.
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