popular articles

Turkey and Senegal sign a strategic energy agreement for oil exploration

Turkey and Senegal have concluded a hydrocarbons cooperation agreement, including oil and gas exploration, production, and trade, strengthening Ankara's ties with emerging African economies.

Please share:

Turkey is pursuing its expansion in Africa through strategic energy partnerships, thereby consolidating its access to the continent’s natural resources. On October 31, Ankara announced the signing of a hydrocarbons cooperation agreement with Senegal, a new oil producer in West Africa. This agreement covers multiple areas, including the exploration, production, and trade of oil and gas, marking a significant step in Ankara’s strategy to diversify its energy supply sources.

The meeting between Senegalese President Bassirou Diomaye Faye and his Turkish counterpart Recep Tayyip Erdogan resulted in a “memorandum of understanding in the fields of energy and hydrocarbons,” according to Turkish Energy Minister Alparslan Bayraktar in a statement posted on social media. In addition to hydrocarbons, the agreement also provides for collaboration in the fields of renewable energy, critical minerals, and rare earths, sectors of strategic importance to Turkey’s economy.

A strengthened African strategy by Turkey

Ankara is intensifying its partnerships with African countries, such as Somalia, Niger, and now Senegal, to ensure the security of its energy supplies. In 2023, Turkey imported 31.4 million tons of crude oil, while its domestic production remains limited to 4.1 million tons. This strategy responds to Turkey’s growing energy needs, which also require a diversification of sources to reduce its dependence on traditional exporters.

Seismic activities for oil exploration are planned onshore and offshore as part of this agreement with Senegal. Turkish companies, already active in Somalia where they explore territorial waters following the withdrawal of major international companies due to political instability, are encouraged to invest in exploration operations in Senegal. The country could thus become a key player in Turkey’s energy supply.

Strategic interests: uranium, oil, and natural gas

In addition to hydrocarbons, Turkey is interested in Niger’s strategic minerals, including uranium, an essential resource for its nuclear sector. Niger, which recently realigned its alliances toward new partners after the July 2023 coup, is now a potential player for Turkish companies in the mining sector.

West Africa, and particularly Senegal, is also at the heart of Ankara’s energy ambitions. Last June, Senegal officially became an oil producer with the start of its Sangomar oil project, producing 100,000 barrels per day. This heavy oil is already exported to Asian and European markets, solidifying the country’s position as a new African energy player.

Development of Senegal’s gas sector

The imminent start of the Greater Tortue Ahmeyim gas field, located on the border between Senegal and Mauritania, represents a new opportunity for the West African energy sector. This liquefied natural gas (LNG) project, operated in partnership with Mauritania, is expected to produce around 2.3 million tons of LNG per year in its first phase. This new development could offer Turkey an alternative path to diversify its access to gas resources, while consolidating its cooperation with Senegal.

By multiplying its partnerships in Africa, Turkey is pursuing a strategy aimed at securing increasingly crucial energy resources for its rapidly growing economy. The recent African collaborations thus mark a transformative phase in Turkey’s bilateral relations with emerging economies, strengthening its supply network for oil, gas, and strategic minerals.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Suriname and China have signed an agreement to reschedule $475 million in debt, marking the first step in revitalizing the South American country's economy, which remains in crisis despite its vast oil reserves.
The United States and European nations have presented a resolution at the IAEA condemning Iran for failing to fully cooperate on its nuclear program. Tehran warns of repercussions following this decision.
The United States and European nations have presented a resolution at the IAEA condemning Iran for failing to fully cooperate on its nuclear program. Tehran warns of repercussions following this decision.
At COP29, Japan aligns with the EU on climate finance contributions and adopts a measured approach to the Carbon Border Adjustment Mechanism (CBAM), while reviewing its long-term energy objectives.
At COP29, Japan aligns with the EU on climate finance contributions and adopts a measured approach to the Carbon Border Adjustment Mechanism (CBAM), while reviewing its long-term energy objectives.
China is massively investing in Brazil's energy sector, with structural projects in electricity production and transmission, accelerating economic development and integrating the country's power networks.
China is massively investing in Brazil's energy sector, with structural projects in electricity production and transmission, accelerating economic development and integrating the country's power networks.
COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.
Cuba, hit by two hurricanes and an acute energy crisis, receives enhanced support from Russia, including financial aid, equipment, and an educational partnership to develop its energy sector.
Cuba, hit by two hurricanes and an acute energy crisis, receives enhanced support from Russia, including financial aid, equipment, and an educational partnership to develop its energy sector.
G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.
G7-linked tankers are returning to Russian routes, reaching a seven-month high as they seize opportunities presented by the weakness of Russian crude prices under the $60/barrel cap.
COP29: Tensions over EU Carbon Tax Stall Opening Discussions at Baku Summit
COP29: Tensions over EU Carbon Tax Stall Opening Discussions at Baku Summit
COP29 is launching a regulatory framework for carbon credit exchanges between countries and companies under UN supervision, aiming to ensure the reliability of these transactions in the fight against climate change.
COP29: Azerbaijan Defends the Exploitation of Its Oil Resources Amid International Pressures
COP29: Azerbaijan Defends the Exploitation of Its Oil Resources Amid International Pressures
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
After being attacked by Houthis in August, the Sounion tanker begins, under high security, the transfer of one million barrels of oil to the Delta Blue in the Suez Canal, preventing a major ecological disaster.
After being attacked by Houthis in August, the Sounion tanker begins, under high security, the transfer of one million barrels of oil to the Delta Blue in the Suez Canal, preventing a major ecological disaster.
Venezuela and Russia signed several military and oil agreements aimed at strengthening their cooperation, solidifying a strategic alliance extending until 2030 and beyond.
In response to trade tensions with the United States, Ursula von der Leyen proposed increasing imports of American liquefied natural gas (LNG) to replace Russian gas in Europe.
In response to trade tensions with the United States, Ursula von der Leyen proposed increasing imports of American liquefied natural gas (LNG) to replace Russian gas in Europe.
COP29 opens in Baku, Azerbaijan, amid global political uncertainty, with renewed calls for massive funding to support developing countries facing the climate crisis.
COP29 opens in Baku, Azerbaijan, amid global political uncertainty, with renewed calls for massive funding to support developing countries facing the climate crisis.
Eight Thai agencies sign an agreement with Germany to reduce CO₂ emissions through a "sector coupling" project, aiming for carbon neutrality by 2050 and net-zero emissions by 2065.
Eight Thai agencies sign an agreement with Germany to reduce CO₂ emissions through a "sector coupling" project, aiming for carbon neutrality by 2050 and net-zero emissions by 2065.
Iraq's Kurdistan Hopes for Quick Resumption of Oil Exports Despite Tensions with Baghdad
At COP29, the UN commits to regulating the carbon credit market to enhance transparency and quality, in an effort to reduce global CO2 emissions.
At COP29, the UN commits to regulating the carbon credit market to enhance transparency and quality, in an effort to reduce global CO2 emissions.
American oil exports to Asia, though stable, could be impacted by the next U.S. president’s foreign policy, especially regarding relations with China, Iran, and other producing countries.
American oil exports to Asia, though stable, could be impacted by the next U.S. president’s foreign policy, especially regarding relations with China, Iran, and other producing countries.
As the host of COP29, Azerbaijan is a land rich in oil and gas resources. Its current strategy focuses on natural gas to become an essential supplier in Europe.
As the host of COP29, Azerbaijan is a land rich in oil and gas resources. Its current strategy focuses on natural gas to become an essential supplier in Europe.
Amid an energy crisis, Mexico sends oil to Cuba to alleviate electricity shortages and oppose the U.S. embargo, a humanitarian gesture despite criticism.
Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine
Slovakia: SPP Denies Imminent Gas Supply Deal with Azerbaijan via Ukraine
World leaders will gather in Baku for COP29, a climate summit that may be disrupted by the U.S. election results, with crucial stakes surrounding the financing of the fight against global warming.
World leaders will gather in Baku for COP29, a climate summit that may be disrupted by the U.S. election results, with crucial stakes surrounding the financing of the fight against global warming.
The United Arab Emirates, Azerbaijan, and Brazil, hosts of the upcoming COP conferences, plan a 32% increase in fossil fuel production by 2035, despite their commitment to limiting global warming to 1.5 degrees.
The United Arab Emirates, Azerbaijan, and Brazil, hosts of the upcoming COP conferences, plan a 32% increase in fossil fuel production by 2035, despite their commitment to limiting global warming to 1.5 degrees.

Advertising