Senegal: asserting petroleum accountability

Senegal’s national assembly approved January 24 the government’s new Petroleum Code. The adoption, as it occurs one month before the country holds presidential, regional and municipal elections, asserts accountability and transparency into the development of the country’s promising oil and gas sector. The adoption of the Petroleum Code, as well as local content regulations, which were submitted for parliamentary review in December, has been a seven-month-long effort to conform the government’s antiquated oil and gas legislative framework to global best practices. Including is a more precise language to govern the emerging sector, as well as determinations on state participation in …

Please log in to view this content. If you do not have an account you can request access.