Close
Funding secured to boost Senegal’s oil and gas sector
MRA Online
/ Categories: Offshore Mining

Funding secured to boost Senegal’s oil and gas sector

Financing the oil and gas sector

SENEGAL: Africa Finance Corporation (AFC) an infrastructure solutions provider on the continent, will invest €50 million to fund the development of Senegal’s Sangomar oil field and drive its development towards achieving first oil, a key milestone in the advancement of the country’s hydrocarbons sector.

Located 100 kilometres southwest of the capital, Dakar, the Sangomar oil field spans 7,490 square kilometres and is estimated to hold around 500 million barrels of crude oil.

The facility aims to boost Senegal's economy, supporting the country's ambitions to become a regional hub for the oil and gas industry. It will also generate significant revenues for the government through taxes and royalties, create employment opportunities for local workers, and contribute to energy security by reducing dependence on imported fuel.

“We are pleased to support the development of the Sangomar field which we expect to have a transformative impact on the Republic of Senegal and its people though the reduction of import reliance, the generation of increased government revenues, the creation of local jobs and an overall contribution to accelerated industrialisation and economic development,” said Samaila Zubairu, President & CEO of the Africa Finance Corporation.

Print
130

UNLOCK MARITIME OPPORTUNITIES

We’re offering a massive 25% discount on our annual Maritime Tender Alert Subscriptions as part of our extended Black Friday sale.


🚤   Receive real-time alerts for maritime tenders worldwide, giving you a head start on opportunities
🚤   Our comprehensive database covers everything from port services to vessel maintenance contracts
🚤   Stop manually searching multiple sources - we aggregate all relevant tenders in one place
🚤   Easy to access bid documents with a simple click through
🚤   Track trends in maritime procurement in Africa
🚤   Monthly spreadsheet of all tenders (Premium subscribers only)

SUBSCRIBE NOW

 525 TENDERS PUBLISHED IN 2024


SAVE AND WIN     |    SUBSCRIBE BEFORE 30 NOVEMBER

DOUBLE PRIZE DRAW: Subscribe before November 30th 2024 and you will automatically  be entered into our exclusive draw to win one of TWO amazing prizes!


One lucky new subscriber will WIN THEIR SUBSCRIPTION FREE - receiving a full refund on their fee.*

PLUS, you could be the subscriber that wins a premium THREE-MONTH ADVERTISING BANNER (valued at R12,000) on the Maritime Review Africa website. *


WINNERS WILL BE ANNOUNCED ON MONDAY, 2 DECEMBER 2024. 

* Only subscribers who sign up AND pay by 30 November 2024 will qualify for the prize draw. 
Discount and prizes do not apply to the Trial Subscription


image

LATEST NEWS

No content

A problem occurred while loading content.

Previous Next

Subscribe to newsletter

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. We will treat your information with respect. You agree that Maritime Review may process your information in accordance with its terms.
We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

CONTACT US

EMAIL:  editor@maritimesa.co.za
PHONE: +27 21 914 1157

Terms Of UsePrivacy StatementCopyright 2024 | More Maximum Media - publishers of Maritime Review Africa
Back To Top