Middle East / Africa
Country profile: Senegal
|Location:||Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Mauritania|
|Climate:||tropical; hot, humid; rainy season (May to November) has strong southeast winds; dry season (December to April) dominated by hot, dry, harmattan wind|
|Terrain:||generally low, rolling, plains rising to foothills in southeast|
|Size:||196190 sq. km total (Land area: 192000 sq. km Water area: 4190 sq.km)|
|Population:||12,853,259 (July 2008 est.)|
|Languages:||French (official), Wolof, Pulaar, Jola, Mandinka|
|Legal system:||based on French civil law system; judicial review of legislative acts in Constitutional Court; the Council of State audits the government's accounting office; accepts compulsory ICJ jurisdiction with reservations|
|Currency:||based on French civil law system; judicial review|
Regional leaders created the Economic Community of West African States (ECOWAS) on May 28, 1975 in Lagos, Nigeria. ECOWAS is comprised of 15 countries, which include: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire , The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria , Senegal, Sierra Leone, and Togo. The leaders established ECOWAS to promote regional integration and economic growth in West Africa, as well as to create a monetary union in the region. However, ECOWAS has encountered problems in the process of regional integration including: political instability and lack of good governance that has plagued many member countries, the insufficient diversification of national economies, the absence of reliable infrastructure, and the multiplicity of organizations for regional integration with the same objectives.
The French colonies of Senegal and the French Sudan were merged in 1959 and granted their independence as the Mali Federation in 1960. The union broke up after only a few months. Senegal joined with The Gambia to form the nominal confederation of Senegambia in 1982, but the envisaged integration of the two countries was never carried out, and the union was dissolved in 1989. The Movement of Democratic Forces in the Casamance (MFDC) has led a low-level separatist insurgency in southern Senegal since the 1980s, and several peace deals have failed to resolve the conflict. Nevertheless, Senegal remains one of the most stable democracies in Africa.
Senegal was ruled by a Socialist Party for 40 years until current President Abdoulaye WADE was elected in 2000. He was reelected in February 2007, but complaints of fraud led opposition parties to boycott June 2007 legislative polls. Senegal has a long history of participating in international peacekeeping.
Energy production and consumption
|Production:||2 billion cu m (2006 est.)|
|Consumption:||35,000 bbl/day (2005 est.)||2 billion cu m (2006 est.)|
|Exports:||3,889 bbl/day (2005 est.)|
|Imports:||37,180 bbl/day (2005 est.)|
Senegal - recent news
|27 Jul 20
||Senegal: LUKOIL acquires Cairn Energy's Senegal interests
LUKOIL has concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash. The agreement also provides for a potential bonus payment to Cairn Energy of up to $100 mln after the commencement of production.
|16 Jul 20
||Senegal: FAR continues sale process for Sangomar field development project
Announcing a Q2 Activity Report, FAR Limited has provided an update on the sale process for its interest in the Sangomar development project, offshore Senegal. The Company has also signed new JOA's for Blocks A2 and A5, The Gambia.
|24 Jun 20
||Senegal: FAR fails to pay cash call for Sangomar development
FAR Senegal has not paid the most recent development cash call for the Samgomar development, offshore Senegal, and is in default. In the interim, FAR is continuing to investigate selling all or part of FAR Senegal’s interest in the RSSD Production Sharing Contract and JOA.
|23 Jun 20
||Senegal: Woodside confirms Sangomar on track for first oil in 2023
Woodside notes recent media reports stating that Senegal has been forced to delay its first oil and gas projects by up to two years because of the COVID-19 pandemic. Woodside reiterates that first oil from the Sangomar Field Development Phase 1 remains on track for 2023, in line with previous guidance.
|05 May 20
||Senegal: PetroNor announces update on Senegalese arbitration
PetroNor has announced that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence areas for a period of six months with a view to reaching a satisfactory outcome for all parties.
Senegal - more news
Other countries in this region
- Central Africa Republic,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Equatorial Guinea,
- Guinea (Republic),
- Guinea Bissau,
- Sao Tome,
- Saudi Arabia,
- Sierra Leone,
- South Africa,
- South Sudan,
- United Arab Emirates,
- Western Sahara,