Senegal’s New Leader Plans to Revisit Oil Deals with BP, Kosmos

Adviser says aim is to increase revenue from oil projects
BP, Kosmos and Woodside have output set to flow this year

Bassirou Diomaye Faye in Dakar on March 25.
Photographer: Annika Hammerschlag/Bloomberg

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By Katarina Hoije and Paul Burkhardt

March 28, 2024 at 1:31 PM UTC

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Newly elected Senegalese President Bassirou Diomaye Faye plans to revisit the contracts of oil and gas projects developed by BP Plc, Kosmos Energy Ltd. and Woodside Energy Group Ltd. in order to boost revenue for the state.

The West African country is set to open the taps this year on the $4.8 billion Grand Tortue Ahmeyim liquefied natural gas project and Sangomar oil development after numerous delays, setting it up to become one of the world’s fastest-growing economies.