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Oct 19 Ivory Coast will organise 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 with nearly all its
petroleum products and also supplies neighbouring co…
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