Alessandro Puliti, Eni¡¯s chief operating officer for natural resources, said the Ivorian discovery met the Italian company¡¯s criteria for investment. This was partly because the associated gas could be fed into existing infrastructure that already supplied Ivory Coast with 60 per cent of its electricity, he said.
Did Eni find 2 billion barrels of oil in Ivory Coast?
REUTERS/Stefano Rellandini/File Photo Acquire Licensing Rights MILAN, Sept 1 (Reuters) – Italian energy group Eni (ENI.MI) said on Wednesday it had made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of oil.
Does Ivory Coast have oil?
Ivory Coast has struck oil just as much of the developed world has begun to call time on fossil fuels and some financial institutions are reluctant to take carbon-emitting projects on to their balance sheets.
Who produces palm oil in Côte d’Ivoire?
PALMCI is a subsidiary of the Côte d¡¯Ivoire agribusiness group SIFCA. It is the main producer of crude palm oil in the region. The company was set up in 1997 and produces over 280,000 tons of crude palm oil a year, i.e. 70% of Côte d¡¯Ivoire¡¯s production.