Société Ivoirienne de Raffinage

Stock performance

History

Société Ivoirienne de Raffinage was founded shortly after Côte d'Ivoire's independence to build the country's oil-refining capacity, growing into the largest refinery in West Africa and a significant regional fuel-supply source for neighboring landlocked countries in addition to domestic Ivorian consumption.

Business model

Société Ivoirienne de Raffinage refines imported crude oil into fuel products, supplying both the domestic Ivorian market and exporting refined products to neighboring West African countries from its Abidjan refinery.

Market position

Société Ivoirienne de Raffinage operates the largest oil refinery in West Africa, giving Côte d'Ivoire an important regional role in fuel supply for several neighboring, often landlocked, West African countries.

Country impact

Société Ivoirienne de Raffinage is one of the most economically significant companies in Côte d'Ivoire, and its regional refining capacity reinforces the country's broader role as a commercial and logistics hub for West Africa.