Ivory Coast desires extra explorers for oil and gasoline because it seeks to spice up financial progress, in accordance with Energy Minister Abdourahmane Cisse.

The West African nation opened a brand new licensing spherical for 5 offshore blocks which can be near different discoveries and infrastructure, Cisse stated by cellphone from Abidjan, the commerical hub. The world’s greatest producer of cocoa has confirmed oil reserves estimated at 100 MMbbl and gasoline reserves of 1 trillion cubic ft, in accordance with the U.S. Department of Commerce’s International Trade Administration.

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“We need robust corporations, corporations which have carried out issues in different international locations,” stated Cisse. “We need to be sure that when it comes to obligation of labor that issues will go shortly.”

Eni SpA and Total SA have been awarded exploration licenses earlier this yr, whereas agreements for 2 different blocks are but to be concluded. “Our coverage now could be that the phrases we agreed works for each events,” Cisse stated. “When we don’t agree, we don’t signal.”

Three of the 5 blocks opened for licensing are newly zoned, bringing the entire quantity within the nation to 51 blocks, Cisse stated. Four of those are in manufacturing and 28 are underneath exploration.

Source: www.worldoil.com

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