\n The country\u2019s energy ministry forecasts that by 2035, Ivory Coast could rank among the continent\u2019s top five oil producers, with crude output expected to reach at least 500,000 barrels per day and natural gas production hitting 1 million cubic feet per day according to Bloomberg.\n <\/p>\n
\n Planning and Development Minister Kaba Nial\u00e9 highlighted that a \u201cstrong increase\u201d in fossil-fuel production could raise oil output to at least 200,000 barrels per day by 2027\u20132028, potentially accelerating economic growth to 7.2% by 2030 from an average of 6.5% between 2021 and 2025.\n <\/p>\n
\n During an interview with the African Development Bank at a conference in Rabat, Morocco, on Wednesday, Nial\u00e9 said, \u201cWe can achieve a much stronger growth rate in the coming five years.\u201d\n <\/p>\n
\n She added that a \u201cstrong increase\u201d in fossil-fuel production is expected to raise oil output to at least 200,000 barrels per day by 2027\u20132028.\n <\/p>\n
\n The move has attracted major global energy players, including Eni SpA, Houston-based Vaalco Energy Inc., and Brazil\u2019s Petrobras, reflecting confidence in the country\u2019s pro-investment policy.\n <\/p>\n
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Africa\u2019s Push for Energy Independence and Revenue Diversification<\/p>\n
\n Nations such as Nigeria, Angola, Namibia, and Senegal are similarly scaling up oil and gas projects to strengthen energy security and retain more value on the continent.\n <\/p>\n
\n For Ivory Coast, the pivot toward hydrocarbons marks a strategic effort to diversify beyond cocoa, where it is the world\u2019s largest producer. The government sees the energy sector as a catalyst for long-term stability, new industrial opportunities, and insulation from agricultural price swings.\n <\/p>\n