{"id":5201,"date":"2026-03-13T22:12:36","date_gmt":"2026-03-13T22:12:36","guid":{"rendered":"https:\/\/www.africa-press.net\/en\/home\/senegal-pm-announces-review-of-energy-and-mining-contracts"},"modified":"2026-03-13T23:33:33","modified_gmt":"2026-03-13T23:33:33","slug":"senegal-pm-announces-review-of-energy-and-mining-contracts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/en\/economy\/senegal-pm-announces-review-of-energy-and-mining-contracts","title":{"rendered":"Senegal PM Announces Review of Energy and Mining Contracts"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press. <\/strong> <\/span>Senegalese Prime Minister Ousmane Sonko has announced a series of unprecedented measures targeting energy and mining contracts, saying the move aims to \u201crebuild state finances\u201d and address what he described as unfair agreements. In a televised address, Sonko described gas contracts signed with the British company BP as \u201cunfair,\u201d stating that his government will publish a detailed document outlining the contracts under review across the energy, fisheries, and infrastructure sectors.<\/p>\n<p>The Senegalese government has already taken steps including freezing the accounts of the Senegalese Chemical Industries Company, affiliated with the Indorama group, until it pays around \u20ac380 million (about $411 million) owed to the state. Authorities have also revoked 71 mining licenses, including 14 gold permits, due to companies failing to meet contractual obligations. In addition, several offshore oil and gas contracts were canceled and their boundaries redrawn in line with \u201cinternational best practices.\u201d<\/p>\n<p>Sonko also revealed that negotiations over the nationalization of the Yakaar-Teranga gas project, operated by Kosmos Energy, are nearing completion. He said the state will recover the field \u201cat no cost\u201d within weeks. The government is also considering renegotiating the Greater Tortue Ahmeyim gas project operated by BP, though he did not provide new details about the Sangomar oil project, which began production in mid-2024.<\/p>\n<p><b>Debt crisis and social pressures<\/b><\/p>\n<p>These measures come amid a severe debt crisis, with Senegal\u2019s public debt reaching 132% of GDP by the end of 2024, according to the International Monetary Fund, which suspended its program with Dakar after irregularities were discovered in financial data.<\/p>\n<p>Domestically, the government faces protests from university students over delays in scholarship payments and strikes by teachers\u2019 unions over wages and taxes. Authorities have announced plans to close 19 government agencies as part of efforts to reduce public spending.<\/p>\n<p>Sonko said the contract review will continue throughout his term, declaring: \u201cWe are undertaking a complete transformation in the way the country\u2019s resources are managed.\u201d He added that the goal is to provide cheaper gas for industries and citizens alike, boosting economic growth while easing the country\u2019s debt burden.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Africa<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press. Senegalese Prime Minister Ousmane Sonko has announced a series of unprecedented measures targeting energy and mining contracts, saying the move aims to \u201crebuild state finances\u201d and address what he described as unfair agreements. In a televised address, Sonko described gas contracts signed with the British company BP as \u201cunfair,\u201d stating that his government will [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":5200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[120],"class_list":{"0":"post-5201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Senegal PM Announces Review of Energy and Mining Contracts - Africa Press English<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press. 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