in demand products oil refinery in Senegal

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  • in demand products oil refinery in Senegal
  • in demand products oil refinery in Senegal
  • in demand products oil refinery in Senegal

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  • When will Senegal start producing crude oil?
  • Senegal will start producing crude oil from its offshore Sangomar field in 2023. What modernizations and works have been carried out on the SAR site since 2018?
  • What is Senegal's next oil and gas expansion goal?
  • Domestically produced oil and gas is set to skyrocket and the SAR’s next expansion goal is an ambitious 2.5 million tons per annum capacity, meeting Senegal’s 1.6 million tons domestic demand while fuelling national economic growth up to 5% and establishing a presence in regional MSGBC markets.
  • Are Senegal's first oil and gas projects under-development?
  • Senegal’s first oil and gas projects are under-development with production expected to start within two years. Centurion Law Group was recently invited to Dakar to look at the country’s investment opportunities and begin a narrative on supporting the country’s local content development.
  • Why is Senegal focusing on oil projects?
  • “Senegal is focused on the development of its oil projects to meet its objective of starting production from 2023,” she said. The resources will be used “to build an economy that’s connected and competitive,” through the reduction of electricity costs, the development of local content, and industrialization.
  • Why is Senegal reopening its downstream refinery?
  • Senegal’s primary downstream refinery is undergoing major renovations and is set to see a 20% capacity boost. Despite four years of delays attributed to funding challenges, partners disputes and the COVID-19 pandemic, the facility’s upgrades – planned since 2018 – have resumed, ushering in a new era of downstream security in Senegal.
  • Could the timing be better for Senegal?
  • The timing could not be better. Although Senegal boasts an estimated one billion barrels in crude oil reserves, the country still relies on costly foreign imports for 64% of its energy. Current facilities can only process 10,000 tons of butane gas versus the one million tons in domestic demand.

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