Ivory Coast: Italian Oil Giant ENI Makes Huge Offshore Discovery

Economic news

The Italian oil giant Eni announced a major discovery of oil and natural gas offshore in Ivory Coast. Eni’s deep-water exploration led to the discovery at 3,445 meters deep of the field that could contain as many as two billion barrels of oil and 51 million cubic meters of natural gas. Thomas Camara, the Ivorian Energy Minister said the discovery would greatly increase Ivory Coast’s proven reserves in the coming years. The discovery comes after a $185 million investment in energy exploration.

Source : DW Africa

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