Senegalese Presidential Hopeful Pledges Review of Gas and Oil Contracts
- Opposition leader Faye seeks revamp of hydrocarbons sector
- Senegal’s readying to become an oil and gas producer this year
A floating storage and regasification unit (FSRU) moored in waters off the Port of Dakar in Dakar, Senegal.
Photographer: Damian Lemaski/BloombergThis article is for subscribers only.
A Senegalese opposition leader said he’ll renegotiate contracts with oil and gas companies if his bid for the presidency in this month’s election is successful.
Bassirou Diomaye Faye, a 44-year-old former tax inspector, will review the agreements in a bid to boost government revenue, according to his coalition’s manifesto document. Offshore blocks that have not yet been awarded will be reserved for Petrosen, the state oil company.