GESTOCI

What GESTOCI does

GESTOCI (Société de Gestion des Stocks Pétroliers de Côte d'Ivoire) is a state-controlled petroleum storage and logistics company founded on September 14, 1983 by decree N°83-1009 to anticipate and prevent petroleum supply disruptions in Côte d'Ivoire. The company operates under the joint technical tutelage of the Ministry of Petroleum and Energy and the financial tutelage of the Ministry of Economy and Finance, and is governed by an 11-member Board of Directors composed of six representatives of oil marketers and five representatives of the Ivorian state. GESTOCI manages 414,100 m3 of operational storage capacity across three depots — the Terminal Pétrolier d'Abidjan-Vridi (TPAV, 330,000 m3), the Yamoussoukro depot (84,100 m3), and the Bouaké depot (62,000 m3, currently under reconstruction) — controlling 85% of Côte d'Ivoire's national petroleum storage capacity and ranking as the second-largest storage operator in the West African sub-region.

The company's platform comprises automated loading infrastructure (53 loading arms at TPAV capable of handling 280 tank trucks and 40 rail wagons per day on 24/7 operations), calibrated counter systems, real-time inventory management, and HSE-certified operations including triple ISO 9001/14001/45001 certification from Bureau Veritas and a 'GOOD' JIG rating for JET A-1 aviation fuel handling (held consecutively 2022-2024, with the 2024 Global Award Recognition making it the first West African facility to achieve this distinction). Throughput volume doubled from 2,075,000 m3 in 2019 to 4,015,000 m3 in 2023, and the company supplies 52% of Mali's petroleum demand while serving Burkina Faso via direct rail loading.

GESTOCI generates revenue through petroleum product storage fees, automated loading/handling fees for truck and rail operators, ship bunkering services at TPAV, and inter-depot transportation. The company serves three primary customer segments: the Ivorian state (security stock management), private oil marketing operators (national and international), and hinterland countries via cross-border logistics (Mali, Burkina Faso, with Guinea and Liberia targeted through planned expansion). With approximately 500 permanent and non-permanent employees, 240 million FCFA in social capital, and 43.47 billion FCFA in shareholders' equity (+18% YoY), GESTOCI is pursuing an aggressive expansion strategy including three new depots at Odienné, San Pedro, and Duekou (totaling 120,000 m3), a new butane/LPG center at Bouaké with three 2,000-tonne spheres, a 30,000 m3 PK 42 relay depot in Abidjan, and additional tank capacity at TPAV and Yamoussoukro, with a stated strategic ambition to become the petroleum hub for West and Central Africa.

Name

GESTOCI

Legal name

Société de Gestion des Stocks Pétroliers de Côte d'Ivoire (GESTOCI)

Website

https://gestoci.ci

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

251–500 employees

Short description

GESTOCI is a Côte d'Ivoire state-controlled petroleum storage company managing 414,100 m3 across three depots, controlling 85% of national capacity. It stores petroleum products for the Ivorian government and private oil operators, serving regional markets including Mali (52% share) and Burkina Faso.

Ownership category

akta.pro rank

Product category

Petroleum Storage Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Refined Products Terminals (Gasoline, Diesel, Jet, Heating Oil) (EUALAEAB)

akta.pro secondary industries

Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ)

Keywords

• Petroleum storage services
• Fuel depot operations
• Oil tank farm management
• Petroleum logistics services
• Energy security stockpiling

Headquarters

HQ city

Abidjan

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Storage Services: GESTOCI provides petroleum product storage services for the Ivorian state and private oil marketing operators, charging fees for storage capacity utilization. The company manages security stocks and operational stocks for multiple clients.
2. Petroleum Product Transport: Transport of petroleum products between its various storage deposits, enabling logistics services for operators.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

GESTOCI operates and manages petroleum product storage depots for the Ivorian State and private oil marketing operators, constituting national security stocks and operational reserves. The company also transports petroleum products between its three depots and provides automated 24/7 truck, rail, and ship loading services. It controls 85% of Côte d'Ivoire's national petroleum storage capacity through the TPAV terminal (Abidjan), Yamoussoukro, and Bouaké depots.

Product overview

GESTOCI operates a unified petroleum storage and distribution platform with three operational core facilities (Abidjan TPAV with 330,000 m3, Yamoussoukro with 84,100 m3, and Bouaké with 62,000 m3 under reconstruction) totaling 414,100 m3 storage capacity. The company holds 85% of Côte d'Ivoire's storage capacity and serves as the second-largest storage operator in the West African sub-region. Core services include storage management for the Ivorian State and private operators, petroleum product transportation between deposits, HSE-compliant operations, and automated loading systems. The company is pursuing major expansion projects including three new regional depots, additional butane sphere facilities, and new storage tanks to achieve its strategic vision of becoming the petroleum hub for West and Central Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Terminal Pétrolier d'Abidjan-Vridi (TPAV) Petroleum storage terminal located in the Vridi port zone of Abidjan with 330,000 m3 storage capacity, 18 tanks, 24 loading bays, and 53 loading arms capable of loading 280 tank trucks and 40 wagons per day 24/24. Serves oil marketing operators and provides ship bunkering via port-connected wharves.
• Dépôt de Yamoussoukro Petroleum storage depot located 290 km from Abidjan on 115 hectares with 84,100 m3 storage capacity, 10 tanks, 10 loading bays with 29 loading arms, and parking for 100 national and 258 hinterland tank trucks. Stores gasoline (Essence Super) and diesel (Gasoil). Achieved a rotation rate of 28 in 2023, making it the most efficient depot in the sub-region.
• Dépôt de Bouaké Petroleum storage depot with 62,000 m3 capacity currently under rehabilitation/reconstruction; planned to include a bottling center and three butane spheres of 2,000 tonnes each to make it a zero-point facility for supplying the Central, Northern regions and hinterland.
• Gestion des Stocks de Sécurité (Security Stock Management) Storage and management of petroleum products to constitute energy security stocks and operational stocks for the Ivorian State and private oil marketing operators (national and international), preventing supply shortages and ensuring energy security.
• Transport de Produits Pétroliers Transportation of petroleum products between GESTOCI's various storage deposits, enabling logistics services for operators across the network.

Quantifiable outcome

• Doubled volumes from 2,075,000 m3 (2019) to 4,015,000 m3 (2023)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• GSPM (Groupement de Sécurité et de Protection du Ministère)coreOthersSecurity operations partner for managing site safety and protection at GESTOCI facilities
• SIR (Société Ivoirienne de Raffinage)coreStrategic or Co-development PartnerStrategic partner for petroleum refining and processing operations in the national petroleum supply chain
• Gendarmerie NationalecoreOthersNational security forces providing law enforcement support and site security at GESTOCI facilities
• ONPC (Office National de la Protection Civile)coreOthersCivil protection authority for emergency response and crisis management coordination
• PAA (PetroAdmin Airways or Port Autonome d'Abidjan)coreStrategic or Co-development PartnerPort and aviation fuel supply partner enabling maritime refueling and aviation fuel (JET A-1) distribution
• GESIP (Groupement d'Etudes et de Formation Petroleum)minorOthersInternational training and research organization in petroleum sector
• IFP (Institut Français du Pétrole)minorOthersFrench Petroleum Institute providing training and technical expertise for petroleum industry professionals
• CNPP (Centre National de Prévention et de Protection)minorOthersNational prevention and protection center providing safety expertise and emergency response protocols

Scale indicators11 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Vivo Energy: Vivo Energy is a leading African downstream and retail fuel company with significant storage infrastructure across multiple countries. It operates fuel terminals and depots serving retail and commercial customers in West and East Africa, overlapping with GESTOCI's bulk storage and distribution activities.
• Trafigura: Trafigura is a global commodities trader with substantial petroleum storage, terminals, and logistics assets worldwide. As a broad incumbent, Trafigura provides a benchmark for global storage economics and is a potential counterparty or competitor for GESTOCI's hinterland supply activities.
• Vitol: Vitol is one of the world's largest independent energy traders with significant global storage and terminal operations. As a broad incumbent in petroleum logistics, Vitol represents the upper bound of scale and capability in petroleum storage and trading against which GESTOCI's regional footprint should be benchmarked.

Direct peers

• Sahara Group: Sahara Group is an African energy conglomerate operating across the upstream, midstream, and downstream value chain with storage and distribution in West Africa. Its multi-country downstream and storage model in Nigeria and West Africa makes it a relevant comparable for GESTOCI's regional ambitions.
• Mocoh: Mocoh is a petroleum logistics and storage company active across West Africa, providing bulk storage, terminal operations, and product sourcing. Its regional focus on West African storage and distribution makes it a direct operational peer to GESTOCI's terminal network.
• Puma Energy: Puma Energy operates bulk petroleum storage terminals, fuel distribution, and retail across Africa and globally. As a downstream/midstream player owning and operating tank farms in multiple African countries, Puma is the closest private-sector analogue to GESTOCI's bulk storage and distribution model.
• Oryx Energies: Oryx Energies is a midstream and downstream petroleum company supplying, storing, and distributing refined products across Sub-Saharan Africa. Its model of operating multi-country storage and supply networks serving industrial and retail customers directly mirrors GESTOCI's bulk storage and hinterland distribution activity.
• MRS Holdings: MRS Holdings is a Nigerian downstream petroleum company with significant storage terminals and distribution operations. As a West African bulk storage and distribution peer, MRS provides a useful comparable for storage-driven business models serving regional markets.
• African Petroleum Corporation: African Petroleum Corporation operates petroleum storage and distribution in West Africa, particularly Sierra Leone and Liberia. As a West African storage operator with regional cross-border supply ambitions, it is a comparable peer for GESTOCI's Guinea/Liberia expansion strategy.

Regional players

• Société Ivoirienne de Raffinage (SIR): SIR is the state-linked petroleum refinery in Côte d'Ivoire and a direct strategic partner of GESTOCI in the national petroleum supply chain. While it focuses on refining rather than storage, SIR's role as the primary upstream supplier makes it a closely linked domestic peer within the same Ivorian midstream ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@gestoci
• Facebookfacebook.com/gestoci
• LinkedInlinkedin.com/company/gestoci-officiel

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GESTOCI