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Senegal’s Energy Minister Cautions Against ‘Magical Thinking’ on Oil Wealth

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Minister warns early oil gains mostly cover costs, urges public patience
  • Sangomar field exceeded 2024 forecasts but profits remain years away

Dakar, Senegal – Senegalese Energy Minister Birame Souleye Diop has urged the public to temper expectations over the country’s recent oil and gas discoveries, warning that economic benefits from production will take time to materialise despite what he called an “extremely auspicious” start.

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