Post #559

🔵Ivory Coast's Biggest Gas Discovery in 5 Years🔵 🌐Italian Eni has announced a new discovery named Calao South in Ivory Coast's Block CI-501 — a find reportedly holding up to 5.0 Tcf (trillion cubic feet) of gas and 450 million barrels of condensate. 🔸Eni says the new discovery, situated 3 km under the seabed, is the country’s second largest gas discovery after Baleine project — Eni's own 2021 discovery. 🔸 In both cases the control stays concentrated in the caring Italian hands (Eni 90%, Petroci 10% in the new discovery) while the state watches the cash flow. More gas production by Eni centralizes leverage in hands of a single multinational — at the time when Ivory Coast is actively trying to bring its neighbours into its gas energy fold. ➡️ Stay informed - @devilsbelow