PETROCISociété Nationale d'Operations Pétrolières de la Côte d'Ivoire (Abidjan, Ivory Coast)
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Royal Decree No.48/2011 Approving the oil concession agreement between the government of the Sultanate of Oman and Rex Oil & Gas Ltd company and Petroci Holding company for the offshore block 50 signed on February 28th, 2011.
GESTOCI is 12.5 percent owned by the Ivorian government, and the rest owned by five oil companies with local outlets: Total , Shell , Chevron subsidiary Texaco, Oil Libya and Ivorian parastatal Petroci.
Petroci Holding, the national oil company of Ivory Coast, through Masirah Oil has a 36 per cent participating interest in Block 50 Oman.
Foxtrot, Petroci and Gaz de France have committed almost $1bn over five years to increase gas production on block CI27.
The client is CNR International Ltd (CNQ), the operator in the CI-40 block and is partnered with Svenska Petroleum and Petroci, the Ivorian National Oil Company.
Muscat, Feb 28 (ONA) Block 50 exploration and production sharing agreements were signed at the Oil and Gas Ministry today between the Oil and Gas Ministry and Rex Oil & Gas LTD Company and Petroci Holding Company.
With regard to the latter, the following companies in particular are accused of having contributed to the funding of Gbagbo's illegal administration: Societe Nationale d'Operations Petrolieres (Petroci) and Societe Ivoirienne de Raffinage (SIR), the autonomous Ports of Abidjan and San Pedro, as well as the country's Investment Bank, Coffee/Cocoa Sector Manangement Committee and Association of Natural Rubber Producers.
In addition to the SIR transaction, we arranged a $70m bond issuance for the Port of Abidjan, a $40m acquisition financing for PETROCI and we have also played a leading role in the issuing of sovereign bonds on behalf of the governments of the region.