Côte d’Ivoire: Government clears Petroci filling stations sale


Issue 365 - 15 Mar 2018 | 1 minute read

A cabinet meeting on 28 February approved the sale of state oil company Petroci’s 37 service stations to Puma Energy. The sale forms part of a restructuring of the company, which made a loss of FCFA39.9bn ($71.6m) in 2015 following the collapse of the international oil price and has run up significant debts. The deal was agreed in 2016 but had been awaiting government approval. Petroci’s retail market share was around 5% at end-2017, behind market leader Total with 35%, Vivo Energy with 29% and Oil Libya with 13%.

Tagged with:

Pin Resources

Pin Côte d'Ivoire

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register