DAKAR, Aug 19 (Reuters) - Senegal has set up a
commission of legal, tax, and energy sector experts to review
its oil and gas contracts and work to rebalance them in the
national interest, Prime Minister Ousmane Sonko said on national
television on Monday.
President Bassirou Diomaye Faye, who defeated the ruling
coalition candidate in a landslide victory in March, ordered an
audit of the oil, gas and mining sectors after coming into
office, and vowed to renegotiate the terms of contracts with
foreign operators in the country if needed.
Authorities have not shared details on the audit or updates
on any renegotiation plans.
Sonko said they were committed to their promise to the
Senegalese people "to come back to these various agreements to
re-examine them and work to rebalance them, obviously in the
national interest."
He said the commission will have sufficient resources to
look into the contracts and hire experts from abroad if
necessary. He did not say how long the review would take.
The move comes soon after Senegal became an oil producer for
the first time. Australia's Woodside Energy ( WDS ) announced
in June that its Sangomar oil and gas field had produced its
first oil.
Gas production is also due to begin by the end of the year
at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG)
project, operated by BP.
(Writing by Alessandra Prentice; Editing by Sandra Maler)