Ivory Coast energy report

• Ivory Coast aims to reach a renewable capacity of 3.3 GW in 2030.
• CO₂ emissions from energy combustion are increasing very rapidly since 2012 (8%/year).
• Most of natural gas is produced by Foxtrot, while CNR accounts for 94% of crude oil output.
• The power sector is dominated by Eranove (65% of total production).
• CIE's concession for the public service of electricity was extended for 12 years in October 2020.
• The country's oil production doubled since 2014.
• The share of hydro in the power mix increased by 17 percentage points to 30% from 2016 to 2019.
• The country adopted an automatic fuel pricing mechanism in 2013.
• The average power tariff has been higher than the cost of production since 2018.
• Per capita electricity consumption increased by a quarter since 2013.
• The share of biomass in total energy consumption decreased by 12 percentage points since 2010 to 58%.
• The residential sector accounts for three quarters of final energy consumption.
• Ivory Coast plans to add 3.4 GW of new capacity by 2030, including 1.7 GW of hydro.
• More than 1 GW should be commissioned in 2020, including 640 MW gas fired.

• 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 1.4 bcm in 2019, +8%). 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:

  Since 2014, oil production has grown very rapidly (16%/year) to reach 1.9 Mt in 2019. Most of Ivory Coast's oil is produced from the CI-40 block (Baobab) with 26 kb/d in 2019 (+21%, 73% of total output). Previously, oil production decreased on average by 14%/year between 2006 and 2014. The country is a net importer of crude oil with a trade deficit of 2.2 Mt (2019).

• Energy Prices

  Oil:

  In 2013, the country adopted an automatic fuel pricing mechanism, which aims at transmitting international oil price fluctuations to domestic retail prices while smoothing fluctuations in pump prices. Since 2019, gasoline and diesel prices declined by 6%/year and 3%/year respectively. Previously, between 2016 and 2018, they increased by 7%/year and 4%/year respectively.

• Energy Consumption

  Energy consumption per inhabitant was around 0.41 toe in 2019 (-15% since 2013), which is higher than in Senegal (0.29 toe) and Ghana (0.35 toe), but lower than in Nigeria (0.78 toe). Per capita electricity consumption increased by 25% since 2013 to 280 kWh, which is higher than in Nigeria (140 kWh) and Senegal (270 kWh), but much lower than in Ghana (460 kWh).

• Issues & Prospects

  The IMF expects sustained economic growth at more than 6% for the next 5 years, after a drop to 1.8% in 2020.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Ivory Coast energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: POWER GENERATION BY SOURCE (2019, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Consumption trends by energy source (Mtoe)
• GRAPH 8: Total consumption market share by energy (2019, %)
• GRAPH 9: Final consumption market share by sector (2019, %)

In the Ivory Coast energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.