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Senegal’s 109 oil blocks test sovereignty against capital

Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • Dakar is testing investor appetite with 109 newly available exploration blocks.
  • Petrosen financing and contract stability could determine the strategy’s success.

 

DAKAR, SENEGAL – Senegal’s release of 109 exploration blocks is testing whether Dakar can strengthen sovereign control without pricing international capital out of its energy ambitions.

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