https://www.engineeringnews.co.za
Energy|Gas|Mining|Oil And Gas|Oil-and-gas|PROJECT|Resources
Energy|Gas|Mining|Oil And Gas|Oil-and-gas|PROJECT|Resources
energy|gas|mining|oil-and-gas|oilandgas|project|resources

Senegal's new president announces oil, gas and mining sector audit

Senegal's newly elected President Bassirou Diomaye Faye

Senegal's newly elected President Bassirou Diomaye Faye

Photo by Reuters

4th April 2024

By: Reuters

  

Font size: - +

Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country.

Faye defeated the ruling coalition's candidate in a March election by a landslide, reflecting high hopes for change in the country of around 18-million.

The audit is one of the first policy moves announced since the 44-year-old former tax inspector's inauguration on Tuesday.

"The exploitation of our natural resources, which according to the constitution belong to the people, will receive particular attention from my government," he said.

"I will proceed with the disclosure of the effective ownership of extractive companies (and) with an audit of the mining, oil, and gas sector."

He did provide further details, but sought also to reassure investors, who he said were "welcome in Senegal."

"Investor rights will always be protected, as well as the interests of the state and the people," he said.

Senegal's first offshore oil development is due to start production in mid-2024. The Sangomar oil and gas project operated by Woodside Energy is expected to produce about 100 000 bl/d.

Edited by Reuters

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.112 0.163s - 158pq - 2rq
Subscribe Now