Senegalese President focuses on managing oil and gas revenues

Senegalese President 22 DecSenegalese President HE Macky Sall has initiated historic dialogue with civil society and other political actors on the management of revenues from the West African country’s oil and gas Industry

“I remain convinced that the promotion of a participatory, multi-institutional and collaborative approach is imperative for capable governance and guaranteeing sustainable prosperity,” stated HE Macky Sall.

Under this new legislation, the citizens of Senegal will have a seat at the table, with civil society being placed in a position primed to play a leading role in driving the discussion surrounding the monetisation of the country’s oil and gas industry. This landmark act will ensure a trickle-down economy that guarantees investments within petrochemicals, agriculture, power, gas and transportation, thus expanding the economy and facilitating the creation of many jobs for Senegalese citizens.

Poised to catalyse Senegal’s economy, oil and gas exploration and production are at the forefront of providing efficient, low-cost energy solutions in accordance with the primary objectives of the plan for an emerging Senegal. Thus, with the country’s first oil production geared for 2023, HE Sall has put into place, the requisite systems necessary to strengthen the revenue from the exploration and production of hydrocarbons for the benefit of Senegalese civil society.

African Energy Chamber will continue to work with the energy industry to support Senegal and look forward to presenting key opportunities at the African Energy Week in Cape Town 2022.

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