Senegalese President Calls For National Oil And Gas Reform

Senegalese President, MackySall Senegalese President, MackySall

Senegalese President MackySall has called for a transformation of organization, management, execution and evaluation processes within the domestic oil and gas sector, as the country prepares to enter oil and gas operations from 2023.

The President made his announcement during a virtual conference held with the Council of Ministers on Wednesday.

Expanding upon a prior meeting he chaired earlier this month (https://bit.ly/3qACxXn), President Sall advocated for the enhanced management of oil and gas resources, supported by a new roadmap that accelerates reforms and ensures adequate supervision of projects by the relevant ministers and parastatals.

To this end, President Sall implored Minister of Petroleum and Energy Aissatou Sophie Gladima to work towards revolutionizing information reporting systems within the hydrocarbon sector and implementing a cohesive communication strategy on oil and gas management.

President Sall further urged national oil company PETROSEN to finalize Production Sharing Contracts and Association Agreements with operators, with a view to driving inclusion of the private sector and indigenous industries.

President Sall also requested that the Ministry of Finance and Budget finalize the bill on revenue sharing related to oil and gas development before the end of March 2021.

Finally, the Head of State urged government to support the establishment of the National Institute of Oil and Gas, as well as formalize regulation related to education and training in the sector, in a bid to develop human capital and facilitate knowledge, skills and technology transfer.

Africa Oil & Power will unite leaders from Senegal, Gambia, Guinea-Bissau, Guinea, Mauritania and the wider West Africa region with global energy dealmakers, for the first-ever MSGBC Oil, Gas & Power 2021 conference and exhibition on October 26-27 in Dakar, Senegal. Find out more about Senegal and the MSGBC's energy industry and about the event at www.MSGBC2021.com and contact International Conference Director Joao Marques directly at [email protected]

Distributed by APO Group on behalf of Africa Oil & Power Conference.

Source: Nzube Nlebedim