45%
share of renewables in the 2030 mix.
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This analysis includes a comprehensive Ivory Coast energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
45%
share of renewables in the 2030 mix.
27kb/d
oil production from the Espoir & Baobab fields.
60%
share of biomass in total consumption.
Abstract
Institutions & Energy Policy
The Ministry of Petroleum, Energy and Renewable Energies is responsible for the implementation and monitoring of the energy policy through two directorates (hydrocarbons and energy). It oversees the state-owned energy companies.
The Ministry of Environment and Sustainable Development is in charge of climate policy and renewables.
Energy Companies
Gas:
Foxtrot (an affiliate of Bouygues) operates the CI-27 block (Foxtrot), which accounts for 2/3 of the country's natural gas output (around 1.8 bcm in 2020, +13%). The company holds a 24% participating interest in the block, alongside Petroci (40%), Seci (24%), and Enerci (12%).
The other gas producers are CNR (26% of total gas output) and Petroci (8%).
Energy Supply
Oil:
In 2020, crude oil production dropped to 1.5 Mt (-17%). Previously, it had been growing very rapidly (14%/year), to reach 1.8 Mt in 2019. Most of Ivory Coast's oil is produced from the CI-40 block (Baobab) with 21 kb/d in 2020 (-21%, 72% of total output). The drastic decrease in the Baobab field was due to the COVID-19 pandemic and the depletion of the field.
Energy Prices
Electricity:
Electricity tariffs are set by the government. There are 7 different electricity plans, including a social tariff. The electricity prices for industry and households stabilized in 2021 (reaching US$12c/kWh and US$13.7/kWh, respectively) after increasing by 3%/year and 2%/year since 2016. In 2019, the government lowered the social tariff by 20%.
Energy Consumption
Energy consumption per inhabitant was around 0.41 toe in 2020 (-15% since 2013), which is higher than in Senegal (0.27 toe) and Ghana (0.39 toe), but lower than in Nigeria (0.79 toe). Per capita electricity consumption has increased by 27% since 2013 to 291 kWh, which is higher than in Nigeria (140 kWh) and Senegal (275 kWh), but much lower than in Ghana (485 kWh).
Issues & Prospects
The IMF expects sustained economic growth at more than 6% for the next 5 years.
Below is a list of the Ivory Coast energy market report graphs:
In the Ivory Coast energy market report you will find the following tables:
The Ivory Coast energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Ivory Coast country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Ivory Coast country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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