Côte d'Ivoire: Domestic oil production to rise from 30,000 to nearly 200,000 barrels per day.

In his New Year's address to the nation, Alassane Ouattara, President of Côte d'Ivoire, revealed promising projections for the country's oil sector. He announced that by 2027, thanks to the exploitation of the Baleine oil field, Côte d'Ivoire should significantly increase its oil production.

Production capacity is estimated to reach 150,000 barrels per day, boosting total national production to around 200,000 barrels per day. This is a significant increase on current production, which stands at just 30,000 barrels a day.

President Ouattara emphasized that this development was a further step towards realizing Côte d'Ivoire's ambition to become a major energy hub in the sub-region. He affirmed that this objective was becoming a reality day by day, signalling the country's steady progress in the energy field.

President Ouattara also called for national entrepreneurship, urging both large companies and small and medium-sized enterprises (SMEs) to invest in the agricultural production sector. He stressed the importance of this investment in the context of food sovereignty policies, aimed at strengthening the country's food self-sufficiency.

This approach aims to ensure abundant and sustainable national food production, essential for food security and economic development in Côte d'Ivoire.