PETROCI reports higher 2025 revenue despite weak oil prices and rising investment costs

ABIDJAN, May 7, 2026 (Reuters) – Côte d’Ivoire’s state-owned oil company PETROCI Holding reported improved financial performance in 2025, supported by stronger revenues and continued investment in strategic oil and gas projects, according to figures released by the company.

The company posted a turnover of 595 billion CFA francs ($approx. 1 billion), up 3.3% compared with 2024, despite weaker global oil prices and continued volatility on international markets.

PETROCI said operating profit reached 119 billion CFA francs, while net profit stood at 35 billion CFA francs, reflecting what it described as “controlled financial management” amid rising costs linked to major investments, particularly the offshore Baleine oil and gas project.

The company noted that its performance was achieved in a challenging environment marked by fluctuating crude prices and increased capital expenditure requirements.

Under the leadership of Chief Executive Fatoumata Sanogo, PETROCI is pursuing a gradual expansion strategy aimed at strengthening production capacity and consolidating its position in Côte d’Ivoire’s hydrocarbons sector.

The Baleine project, one of the country’s most significant oil developments, continues to drive investment spending as the company seeks to scale up output in the coming years.

PETROCI did not provide detailed forecasts for 2026 but indicated its focus remains on operational efficiency and long-term growth in the energy sector.