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Senegal bets on local oil refining as Mavamar plant opens in Dakar

Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
  • Private refinery targets import cuts and local value addition
  • Farmers urge partnerships to unlock peanut basin potential

 

DAKAR, SENEGALSenegal has inaugurated a privately funded oil refinery in Dakar, a project officials and analysts say could reshape local agriculture, reduce imports and strengthen the country’s industrial base.

President Bassirou Diomaye Faye on Tuesday, January 27, 2026, officially opened the Mavamar Industries SA refinery in the capital, describing it as more than an industrial plant but a pillar of Senegal’s strategy to develop local resources and encourage private enterprise.

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