Côte d’Ivoire oil: ENI and partners seal $4bn deal for massive Baleine expansion
AI Summary
ENI and partners have finalized a $4 billion investment deal for Phase 3 expansion of Côte d’Ivoire’s largest hydrocarbon field, Baleine. This expansion is expected to increase oil production to 150,000 barrels per day, boosting the local energy sector.
The final investment decision for Phase 3 of the country’s largest hydrocarbon field puts Abidjan on track to ramp up production to 150,000 barrels a day.
Politics Markets Deals Commodities Energy Côte d’Ivoire ENI oil expansion hydrocarbon Baleine field investment energy production increase