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Ivory Coast: A new status for Petroci Holding

22/10/2021
Categories: Companies

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The Council of Ministers announces that Petroci Holding becomes a State Company with capital held entirely by the State. Formerly a company with public financial participation, the National Petroleum Operations Company of Côte d'Ivoire (Petroci holding) will now have advantageous prerogatives.

With this new status by repeal by decree adopted by the Council of Ministers, Petroci Holding with a capital of 20 billion CFA francs, aims to make Côte d'Ivoire the hub of trade in petroleum products for all countries. of the sub-region, indeed of all of Africa. Its main objective is to "Build an integrated and diversified oil economy, by optimizing research efforts and the development of hydrocarbon resources". The main missions of PETROCI Holding are, on the one hand, the research and exploitation of hydrocarbon deposits and, on the other hand, the storage, trade and transport of all petroleum products.

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