The optimistic response to a recent discovery in the Ivory Coast by Italian oil giant Eni, the first big find in the country in two decades, suggests that many African states are not yet ready to give up on fossil fuels and make the shift to renewables. In September, Côte d’Ivoire announced a major offshore oil and gas discovery, following initial exploration success in 2014.
The positive outlook led several international oil firms to battle over the country’s oil reserves. A 2019 licensing round saw the government sell…Oil Majors Are Eyeing Big Payouts In Africa
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