May 10, 2011 [Bloomberg] - Societe de Gestion des Stocks Petroliers de Cote d’Ivoire, a fuel-storage company in the West African, will be audited and will stop selling petroleum products, Mines and Energy Minister Adama Toungara said.
“Gestoci has been marketing petroleum products for a while, which is not designated to do,” he said in an interview today in Abidjan, the commercial capital, using the company’s acronym.
Gestoci has a storage capacity of 400,000 cubic meters, according to its website. State-owned energy company Petroci owns a 12.5 percent stake in Gestoci, with the remainder owned by companies that sell petroleum in the country, including the units of Total SA (FP) and Royal Dutch Shell Plc.
