In brief
In a policy framework dubbed PIRME, the Ivorian government unveiled targets for oil production, electricity capacity, and renewable energy, with private investors set to provide 88% of the funding. The plan also emphasizes local processing, workforce development and environmental safeguards. A related memorandum of understanding was reportedly signed in Gaborone on July 31, 2026, though its exact connection to the plan remains unclear.
Abidjan, Nov. 10 2026 – Côte d'Ivoire announced the Integrated Mineral Resources and Energy Policy (PIRME), a roadmap to mobilise 38 trillion CFA francs (about $66 billion) by 2040 to expand its mining, oil and energy sectors and double their share of GDP to 14 percent.
In a presentation by Minister of Mines, Petroleum and Energy Mamadou Sangafowa‑Coulibaly, the policy outlined key projects such as a mineral port in San Pedro, new railway lines for mineral transport and a second oil refinery at San Pedro. By 2040 the country aims to raise oil production to 500,000 barrels per day and installed electricity generation to 11,400 MW, with renewable energy to make up at least 45 percent of the mix by 2030.
Private investors are expected to fund 88 percent of the total investment, while the public sector will supply the remainder. The plan also sets local processing targets – 150 tonnes of refined gold and 1.25 million tonnes of manganese – and workforce goals, calling for 95 percent of the extractive industry’s goods and services to be sourced locally and 95 percent of nationals employed on oil platforms and mines by 2035.
The policy, adopted by the Council of Ministers on Dec. 3, 2025, emphasizes sustainability, inclusiveness, innovation, economic integration and governance, aiming to balance resource development with agricultural growth and environmental protection.
In a related development, a memorandum of understanding covering the mining and energy sectors was reported to have been signed on July 31, 2026, in Gaborone during the launch of SIREXE. The parties involved and the specific link to the PIRME plan are not confirmed.