Senegal clarifies Sangomar oil revenue sharing amid public controversy

Public debate arose in Senegal after claims that the country receives only 25 francs per million francs of oil sold from the Sangomar field. The Ministry of Energy and Petroleum, represented by former PETROSEN director Serigne Mboup, explained that under the production‑sharing contract the state holds a 20 % stake while oil companies retain 80 %, which is then subject to a 25 % corporate tax. Mboup also stressed that the contracts for Sangomar, GTA, Yakaar and Teranga were signed under former President Abdoulaye Wade, not under President Macky Sall, who only signed the Total agreement.

The Extractive Industries Transparency Initiative (ITIE) reported that PETROSEN earned 37.5 billion CFA francs in the first half of 2025, a 74 % rise from the same period in 2024, with the state’s share representing 49.89 % of total oil revenues. The increase is attributed to higher production from the Sangomar field, operational since June 2024, and the GTA field, which entered production in 2025. The ITIE committee chair Thialy Faye will submit the report to President Bassirou Diomaye Faye.