Senegalese Prime Minister Ousmane Sonko officially established a commission on Monday, August 19, to review the country’s oil and gas contracts with multinational corporations. Announcing the decision on national TV, Sonko emphasized that the commission, comprised of experts in law, taxation, and energy, will carefully scrutinize all legal aspects.
Sonko dismissed rumors of nationalization, affirming his government’s goal to realign the contracts in favor of national interests.
This development follows Senegal’s entry into oil production, with Woodside Energy announcing in June that its Sangomar field had started producing oil. Gas production from the GTA project is also expected to begin this year.
The commission’s recommendations and potential changes will be closely watched, as this initiative was a key promise of the Faye administration.