Côte d’Ivoire Unveils Ambitious Plan to Triple Oil Output and Double Gas Production by 2030

Côte d’Ivoire plans to triple its crude oil production and double its natural gas output by 2030, under a long-term master plan that extends to 2050. This ambitious strategy, driven by both public and private investment, aims to position the country among Africa’s top five oil producers.

The government targets a daily crude oil output of 200,000 tonnes and 600 million cubic feet of natural gas by 2030. These goals are part of a new oil and gas logistics master plan, unveiled in Abidjan by Mamadou Sangafowa-Coulibaly, Minister of Petroleum, Mines, and Energy, during the inauguration of the new PETROCI oil dock.

Backed by major investments and new oil discoveries, Côte d’Ivoire targets top-five status among African crude oil producers by 2030 through expanded output and strategic infrastructure development

“By this date, crude oil production will have tripled, while natural gas production will have doubled compared to current levels,” the minister stated.

The master plan projects a minimum of 500,000 barrels of crude oil per day and over one billion cubic feet of natural gas per day by 2035. Sangafowa-Coulibaly emphasized that Côte d’Ivoire is on course to join the top five oil producers in Africa.

To meet these goals, the government estimates investment needs by 2030 at $730 million for port infrastructure, $5.2 billion for transport, and $10.4 billion for storage and processing. These investments will primarily come from the private sector, with notable public sector support. A detailed investment plan is expected by 2026.

The recently inaugurated PETROCI oil dock is a key asset in this strategy, offering Côte d’Ivoire the ability to receive large oil tankers in line with international safety standards. According to the minister, this infrastructure enhances the security and efficiency of the country’s petroleum supply chain.

Prime Minister Robert Beugré Mambé endorsed the 2050 strategic plan, assuring national and international investors of its strict adherence to global standards in quality, efficiency, and sustainability.

Recent discoveries of oil reserves, including the Baleine field in 2021 and Calao in 2024, have significantly boosted Côte d’Ivoire’s production potential. The country now estimates reserves at six billion barrels of crude oil, reinforcing its energy ambitions for the coming decades.

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(Featured image by Ben Wicks via Unsplash)

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First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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