Senegal: Risky renegotiation of hydrocarbon contracts
Senegal’s new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
| Countries | Mauritanie, Sénégal, Ukraine |
|---|---|
| Companies | Woodside Energy, Petrosen |
| Sector | Pétrole, Gaz, Exploration production, Exploration production |
| Theme | Investissements & Transactions, Contrats |
Senegal’s newly elected president Diomaye Faye is proposing to revise inherited mining and energy contracts. These contracts, deemed disadvantageous by the new authorities, mainly concern the exploitation of oil and gas resources, due to start up this year. The revision could have a significant impact on revenues, estimated at 700 billion CFA francs annually over thirty years.
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