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Ivory Coast Aims for 7.2% Growth via Oil Boom

11/28/2025

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Summary

Story summary

Kaba Niale, Planning and Development Minister, says Ivory Coast's economy will accelerate over the next five years due to oil and gas.
Oil production is targeted at at least 200,000 barrels per day by 2027–2028, up from 44,000 bpd in 2024.
A national development plan targets 7.2% growth by 2030 and aims to become one of Africa's top five oil producers by 2035 through partnerships with Eni SpA and Petrobras.

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Story summary

Kaba Niale, Planning and Development Minister, says Ivory Coast's economy will accelerate over the next five years due to oil and gas.
Oil production is targeted at at least 200,000 barrels per day by 2027–2028, up from 44,000 bpd in 2024.
A national development plan targets 7.2% growth by 2030 and aims to become one of Africa's top five oil producers by 2035 through partnerships with Eni SpA and Petrobras.