%20has%20launched%20the%20commencement%20of%20the%20construction%20of%20a%20new%202,000-tonne%20butane%20gas%20storage%20sphere.%20If%20completed,%20it%20will%20increase%20the%20total%20storage%20of%20Ivory%20Coast's%20capacity%20to%206,000%20tonnes%20by%20the%20first%20quarter%20of%202021.The%20project%20is%20said%20to%20cost%20about%204%20billion%20FCFA%20(estimated%20at%206.8%20million%20dollars).%20The%20management%20of%20the%20company%20launched%20the%20project%20on%20Tuesday,%20June%202supnd/sup,%20to%20begin%20the%20construction%20of%20the%20new%20sphere%20A22%20that%20will%20have%20a%20capacity%20of%202000%20tonnes%20at%20the%20oil%20terminal%20of%20Abidjan,%20the%20economic%20capital%20and%20the%20largest%20city%20in%20the%20country.This%20will%20increase%20the%20gas%20storage%20capacity,%20currently%20estimated%20at%204,000%20tonnes,%20to%206,000%20tonnes%20from%20February%202021.%20strongGESTOCI/strong%20also%20revealed%20its%20plans%20to%20further%20acquire%20another%20sphere%20of%204,000%20tonnes%20at%20the%20Abidjan%20depot%20in%202025,%20to%20take%20its%20storage%20capacity%20to%2010,000%20tonnes.Also%20present%20at%20the%20launch%20of%20the%20project%20was%20the%20Ivorian%20Minister%20of%20Petroleum,%20Energy%20and%20Renewable%20Energies,%20Abdourahamne%20Cissé.%20The%20minister%20said%20that%20the%20storage%20and%20production%20capacities%20of%20the%20country's%20filling%20centers%20amounted%20to%2020,000%20tonnes%20in%202019.%20Butane%20gas%20consumption%20is%20approximately%20380,000%20metric%20tonnes%20(MT).strongGESTOCI/strong%20is%20the%20Ivorian%20company%20in%20charge%20of%20management%20of%20oil%20stocks,%20transportation%20of%20oil%20produces%20between%20deposits,%20management%20and%20maintenance%20of%20deposits,%20the%20facilities,%20delivery%20to%20authorized%20distributors,%20etc.%20The%20company%20also%20supplies%20to%20Mali,%20Burkina%20Faso,%20Nigeria%20and%20Gambia%20through%20transport%20transactions%20(trucks,%20trains)%20and%20to%20Switzerland%20by%20sea.Natural%20gas%20was%20discovered%20in%20the%20country%20in%20the%201980s.%20strongIvory%20Coast/strong%20is%20reportedly%20estimated%20to%20have%20a%20natural%20gas%20reserve%20of%201%20trillion%20cu%20ft.){kind=link}
The Ivory Coast Oil Management Company (GESTOCI) has launched the commencement of the construction of a new 2,000-tonne butane gas storage sphere. If completed, it will increase the total storage of Ivory Coast’s capacity to 6,000 tonnes by the first quarter of 2021.
The project is said to cost about 4 billion FCFA (estimated at 6.8 million dollars). The management of the company launched the project on Tuesday, June 2nd, to begin the construction of the new sphere A22 that will have a capacity of 2000 tonnes at the oil terminal of Abidjan, the economic capital and the largest city in the country.
This will increase the gas storage capacity, currently estimated at 4,000 tonnes, to 6,000 tonnes from February 2021. GESTOCI also revealed its plans to further acquire another sphere of 4,000 tonnes at the Abidjan depot in 2025, to take its storage capacity to 10,000 tonnes.
Also present at the launch of the project was the Ivorian Minister of Petroleum, Energy and Renewable Energies, Abdourahamne Cissé. The minister said that the storage and production capacities of the country’s filling centers amounted to 20,000 tonnes in 2019. Butane gas consumption is approximately 380,000 metric tonnes (MT).
GESTOCI is the Ivorian company in charge of management of oil stocks, transportation of oil produces between deposits, management and maintenance of deposits, the facilities, delivery to authorized distributors, etc. The company also supplies to Mali, Burkina Faso, Nigeria and Gambia through transport transactions (trucks, trains) and to Switzerland by sea.
Natural gas was discovered in the country in the 1980s. Ivory Coast is reportedly estimated to have a natural gas reserve of 1 trillion cu ft.