Senegal Sangomar oil revenue dispute

In early August 2026 Senegal’s Ministry of Energy and Petroleum responded to social‑media claims that the state received only a token share of proceeds from the Sangomar offshore field. The ministry said the allegations were “manifestly erroneous,” explaining that the field’s first‑quarter 2026 production of 8.96 million barrels (about US$759 million) generated a direct state allocation of 437,839 barrels (≈US$37 million). It noted that this figure excludes the 18 % economic share held by the state‑owned company Petrosen, as well as taxes, duties and other fiscal revenues, and that cost‑recovery volumes are deducted before profit‑oil is split under the Production Sharing Agreement.

Two days later the ministry provided further detail amid a public debate over a claim that Senegal received only 25 francs per million francs of oil sold. Officials clarified that the state holds a 20 % stake in the production‑sharing contract, with oil companies retaining 80 % and a 25 % corporate tax applied to profits. The Extractive Industries Transparency Initiative reported that Petrosen earned 37.5 billion CFA francs in the first half of 2025—a 74 % rise from the previous year—representing 49.89 % of total oil revenues, driven by higher output from Sangomar and the newer GTA field.