10/20/2016
Photo courtesy of SIR.
(Reuters) Ivory Coast will organize debt relief for the state oil refinery using public and private funds, a government spokesman said on Wednesday.
The Societe Ivoirienne de Rafinage (SIR) is the biggest refinery in French-speaking West Africa and has accumulated debts worth hundreds of billions of CFA francs (hundreds of millions of U.S. dollars) since 2008.
“The amount will correspond to the financial need,” government spokesman Bruno Nabagne Kone told reporters after a cabinet meeting. The government was talking to private institutions to help finance the debt, he said.
The refinery provides Ivory Coast wit…
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