Senegal has officially started refining its own oil at the African Refinery Company (SAR) near Dakar. Previously reliant on imported crude, SAR has now successfully processed oil from the Sangomar offshore field.

As Africa’s newest oil producer, Senegal has been extracting oil since operations began at the Sangomar deposit in June 2024. This milestone marks a significant step toward energy self-sufficiency and economic growth for the West African nation.

Government and Industry Reactions

Senegalese President Bassirou Diomaye Faye praised the development, stating that domestic refining would reduce reliance on fuel imports and strengthen the country’s energy security. The Minister of Energy also highlighted plans to expand refining capacity to meet local and regional demand.

Economic and Market Impact

Experts predict that refining local crude will help stabilize fuel prices and create new job opportunities in Senegal’s energy sector. Additionally, the government aims to attract further investment in oil and gas infrastructure.

Future Prospects

With oil production in full swing, Senegal is also preparing for the launch of its first major natural gas project at the Greater Tortue Ahmeyim field, expected to start operations in late 2024. This development positions the country as a rising energy hub in West Africa.