Senegalese president calls for national oil and gas reform

Senegal oil and gasSenegalese President Macky Sall has called for a transformation of organisation, management, execution and evaluation processes within the domestic oil and gas sector, as the country prepares to enter oil and gas operations from 2023

The President made his announcement during a virtual conference held with the Council of Ministers.

Expanding upon a prior meeting he chaired earlier this month, President Sall advocated for the enhanced management of oil and gas resources, supported by a new roadmap that accelerates reforms and ensures adequate supervision of projects by the relevant ministers and parastatals.

To this end, President Sall implored Minister of Petroleum and Energy Aissatou Sophie Gladima to work towards revolutionising information reporting systems within the hydrocarbon sector and implementing a cohesive communication strategy on oil and gas management.

President Sall further urged national oil company Petrosen to finalise production sharing contracts and association agreements with operators, with a view to driving inclusion of the private sector and indigenous industries.

The president also requested that the Ministry of Finance and Budget finalise the bill on revenue sharing related to oil and gas development before the end of March 2021.

Finally, the head of state urged government to support the establishment of the National Institute of Oil and Gas, as well as formalise regulation related to education and training in the sector, in a bid to develop human capital and facilitate knowledge, skills and technology transfer.   

Africa Oil & Power is set to unite leaders from Senegal, Gambia, Guinea-Bissau, Guinea, Mauritania and the wider West Africa region with global energy dealmakers, for the first-ever MSGBC Oil, Gas & Power 2021 conference and exhibition from 26-27 October in Dakar, Senegal. 

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