[Senegal] President calls for National Oil and Gas Reform
22-02-2021 08:41:55 | by: Pascaline Icyizere | hits: 1239 | Tags:

Senegalese President Macky Sall 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.

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.